The national currency has fallen by 11 tetri in the last week. Georgian national currency, Lari (GEL) further depreciated against U.S. Dollar and slightly strengthened against Euro on October 30.

GEL is trading at 2.5612 against U.S. Dollar today, three days after falling from 2.5317 to 2.5496.

GEL strengthened against Euro to 2.9766. Euro-Lari exchange rate stood at 3.0111 three days ago.
The dramatic change in the course caused panic among the population, and the people think that the national currency will be further devaluated.

The impairment of the lari is linked by independent economists to the government`s poor economic policy. The opposition imposes responsibility on the government and says that the current situation is the result of the government"s incorrect economic policy.

Members of the government say the National Bank of Georgia is the mostly responsible. The main financial institution itself is silent and does not make any explanations.