25 April 2024,   18:41
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GEL always depreciated after elections - experts expect growth of prices

National Currency keeps devaluating daily starting from the second day of self-government elections. The cost of one dollar in commercial banks is 2.66 GEL. The national currency in respect to the dollar has been reduced by almost two tetri, and to euro by 3 tetri.

The opposition links the dramatic impairment of the Lari after the elections to the economic and financial policies of the government, including the money spent by the "Georgian Dream" for the elections.

After a two-week silence, the National Bank made the first comment. The main financial institution of the country linked the devaluation with expectations, saying that the situation is not alarming.

The ruling team does not see the impact of the government`s economic policy on impairment of Lari. Experts are waiting for the increase in prices on the background of the depreciation of the Lari.

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