27 April 2024,   04:41
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The problem with lari is the result of wrong policy - experts speak about reasons for the impairment of national currency

The National Bank"s intervention will not help the GEL - the economists make statements on the background of the devaluation that began after the elections.

According to specialists, the currency is at the rate when the outcome is only a change of economic policy.

"The key factors in the depreciation of Lari are expectations that are on the market, but that does not mean that the responsibility of the government is removed because of the wrong expectations. The responsibility of the government is that after so many years, even slightly wrong expectations on the market can result in such important fluctuations of the exchange rate . Consequently, the wrong policy is ultimately the reason of GEL devaluation, "said Irakli Kipiani.

Economists call on the ruling team to make major changes. According to them, the impairment of the Lari is also related to self-government elections.

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