In two days the larization scheme will start working in the country. The criteria for customers whose loans will be subsidized by the state have been defined, but it is unclear what percent the banks will offer for transfer of loans in lari and what will be the general effectiveness.

Citizens who had taken loans before January 2015, and their annual income does not exceed 100 thousandwill be subsideized for thransferring their loans into lari by the rate difference of 20 tetri from the a budget. State will provide the banks with money for this program. Government and National Bank have developed a program aimed at improving the economic situation and exchange rate stability.

The government expects to spend 65 million on this program. Larization is a single and voluntary process.

Economic experts are skeptical about the new program They believe that larization may lead the increase of the interest rate and may lead to less favorable conditions for citizens.

The program will last for two months.