Georgian government plans to stabilize lari

Georgia's Government said that it plans to take steps to stabilize the national currency.

The Georgian Government  in corporation with the National Bank of Georgia (NBG) and the International Monetary Fund (IMF) will take following steps in order to stabilize the Lari:

"The next year's budget will be focused on the accelerated economic growth. At the same time the administrative costs will be reduced. In the coming days the Government will announce the action plan for stimulating a de-dollarisation process in the country. As a result the majority of the population will not be depended on the short-term fluctuations of the lari, caused by the negative external factors as the economic environment will be healthier in the country,” Agenda.ge cited the government as saying.