Georgian president concerned about national currency’s depreciation

Georgian president concerned about national currency’s depreciation

During a meeting with Giorgi Kadagidze, the head of Georgian National Bank, Georgian President Giorgi Margvelashvili said that he is concerned about the depreciation of the national currency and economic slowdown.

 

Giorgi Kadagidze briefed Margvelashvili about the current processes in the region and their possible impact on Georgia’s economy, Trend reports. 

 

During the meeting, the sides discussed the difficulties in the country’s economy and the necessary measures for eliminating them.

 

They talked about the decrease in the volume of export and money transfers and the negative impact of this process on the exchange rate of the GEL. 

 

The exchange rate of the Georgian national currency to the dollar started dropping again in the first decade of January.

 

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