The exchange rate of GEL quickly recuperated to the original level after a short-term fluctuation, great merits to the accelerated economic growth rate and effective management policy. Such a statement made today the Prime Minister of Georgia.

“As you may well be aware, we have had a short-term fluctuation for a certain period of time, which the political opposition was so optimistic to sustain. Nevertheless, accelerated economic growth and effective management policies led to the quick recuperation of the exchange rate of GEL to practically its original level.

For this, I particularly wish to thank the National Bank of Georgia and personally Natia Turnave, whose effective management of the process ultimately led to the stability of the national currency. You may all remember that political opposition and their protectors and friends tried to get their own people into the management of the National Bank of Georgia. I do not even wish to imagine what would have happened had they been there. We remember such occurrences from previous years and would not allow for anything similar to happen again. We currently have a quick economic growth and according to the preliminary data, we will have another peak of growth in June as well. We have pretty good trends and expect a very good tourist season.

Actual data for the first two quarters of the year are commendable and reassuring. In the given conditions, we have all the preconditions to witness economic indicators exceeding the resounding results of the previous year”, - said Irakli Kobakhidze.