04 May 2024,   07:43
more
GEL depreciates again - opposition slams ruling team for deficit spending

According to the rate set by the National Bank, the exchange rate of 1 dollar is already 2.45 GEL. The rate in the retail market is even higher. During the last few months, the rate of Lari was stable at 2.4. Just 7 days ago the exchange rate was 2.39 GEL.

According to Bloomberg system, the price of one dollar is 2.45 GEL. The cost of one dollar is higher in currency exchange booths. In several booths, one dollar cost was 2. 49 GEL. The cost of one dollar was about 2.39 GEL by August 22.

The opposition criticize the ruling team the deficit spending. They expect that the deficit spending by the ruling party will increase even more.

Roman Gotsiridze, Chairman of the National Movement faction, calls on the ruling team to recognize the existence of economic problems in the country.

Member of the Faction "European Georgia - Movement for Freedom" Irakli Abesadze linked impairment to the deficit expenditure in the country. According to him, the government does not plan to cut administrative costs.

Chairman of the Parliamentary Committee on Sector Economy and Economic Policy Roman Kakulia does not share the criticism of the opponents and says that increase of Lari by several points is not alarming.

MORE HEADLINES