GEL has devaluated again.The dollar official price has become 2.6112 GEL. The National Bank of Georgia has set a new exchange rate according to which Georgia’s national currency has further depreciated.

Starting with tomorrow, 1 USD will cost 2.6112 GEL while the previous rate was 2.5873 GEL.

As for the euro, its new exchange rate is 3.0368 GEL while previously it was 3.0106 GEL.
Importers say that if the national currency continues to impair, then the prices of imported products will increase.

"Mostly distribution companies are waiting for the indication of what the benchmark will be. Even if yoday`s rate is maintained, the prices will definitely change, "- said Iva Chkonia, head of the Georgian Association of Distributors.

Experts raise the isue of the responsibility of commercial banks.

"Microfinance organizations do not have access to Lari and Lari resources in contrast to commercial banks, who can get 300-400 million from the National Bank . Now the treasury of the treasury is already there, "- said Givi Korinteli, the founder of the Non-Bank Financial Institutions Association.