Businessmen once again talk about the inevitable rise in prices due to the lari exchange rate volatility. According to them, the government will not be able to stop the process, because the business sector will face problems.
Entrepreneurs have welcomed the involvement of the business ombudsman in the ongoing process and say it will make it all the more transparent.
According to Iva Chkonia, the rise in prices is unavoidable", as the Lari started to depreciate after the intervention.
“The rise in prices is simply unavoidable in today"s situation. Despite intervention when the National Bank intervened on Friday, today the trading rate on Bloomberg is around 2.92, ”said Iva Chkonia, chairman of the Georgian Distributors Business Association.
In turn, the business ombudsman does not rule out price increases. According to Irakli Lekvinadze, if the depreciation of the GEL falls to a critical level, the price adjustment will in itself occur.