The biggest risk to the Georgian banking system at present is dollarization, the head of the National Bank of Georgia Koba Gvenetadze said. According to him, this opinion is shared not only by him, but by independent agencies and …
President of the National Bank of Georgia Koba Gvenetadze commented on the alarming devaluation of the lari. According to him, the devaluation of the national currency is caused by external shocks and reduction of …
The National Bank of Georgia will release new 10 GEL bills starting October 1, President of the National Bank of Georgia Koba Gvenetadze said today at the presentation of the new banknotes. Bacha Malazonia is the …
The National Bank of Georgia (NBG) has purchased $15 million at foreign exchange auction to control the national currency’s changing value against the dollar. The weighted average exchange rate was 2.6497 GEL for every …
The International Monetary Fund (IMF) is planning to launch a three-year, $285 million technical assistance program in an effort to support economic policy in Georgia. Marking the completion of a two-week IMF mission in Georgia, Georgian …
The National Bank of Georgia increased its forecast for GDP growth in the country in 2016 from 3% to 3.5%, the President of the National Bank, Koba Gvenetadze, said at today's briefing. "The difficulties in …
The Georgian Prime Minister Giorgi Kvirikashvili believes that there is no alternative to dedollarization and strengthening confidence in the Georgian national currency in the long term. "We must take …
Georgian President Giorgi Margvelashvili has signed a decree on the appointment of Koba Gvenetadze as the president of Georgia’s National Bank. “I think that a professional of such high rank …
Representatives of the parliamentary faction 'Georgian Dream' will hold a meeting with the head of Georgian government Giorgi Kvirikashvili today. It is scheduled for 14:00 (13:00 Moscow time). …
A former senior economist at the Middle East and Central Asia Department of the International Monetary Fund Koba Gvenetadze may take the post of the National Bank Council. President of Georgia Giorgi …
