Georgia waits for strengthening of lari

Read on the website Vestnik Kavkaza

The head of the Central Bank of Georgia, Giorgi Kadagidze, today explained that the rejection of spending the national reserves was due to confidence that the Georgian lari would strengthen in the very near future.

"We have refrained from spending the reserves during this period. This is the only correct decision… We will have correct, progressive policies for the long and the short terms," he said.