Georgian authorities comment on lari depreciation
The Prime Minister of Georgia has urged citizens not to worry about the recent fall of the lari. According to Irakli Kobakhidze, there is nothing unusual in the weakening of the national currency.
Lari
New 100 Lari banknotes to be issued in Georgia
100 Lari banknotes with a fundamentally new feature will go into circulation in Georgia soon. For the first time in history, they will not have the signature of the National Bank's president.
Lari exchange rate continues to fall amid adoption of foreign agents bill
The national currency of Georgia continued to depreciate despite the efforts of the National Bank of the Republic, which sold about $60 million at a foreign exchange auction today.
Georgian lari updates January 2018 record
The national currency of Georgia has updated a five-year-old record against the dollar
Georgians in deep debt
Too much of household debt is denominated in dollars, despite efforts in recent years to reduce borrowers’ exposure to foreign currencies
Georgia's National Bank increases refinancing rate to 9%
The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 9% today. The annual inflation in November reached 7%, which was mainly influenced by the depreciation of the Georgian lari, the bank …
Georgia's National Bank increases refinancing rate once again
Georgia's National Bank has increased the refinancing rate by one percentage point to 8.5% today at the meeting of the Monetary Policy Committee. In September 2019 the annual rate of inflation amounted to 6.4%, which is more …
New 10 GEL banknotes released in Georgia
New 10 lari banknotes were into circulation today across Georgia, the National Bank of Georgia reported. On the front of the new banknote there is a portrait of prominent Georgian writer and public figure, Akaki Tsereteli, with a …
Georgian National Bank increases refinancing rate again
The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7.5% - for the second time this September. The regulator explains that the reasons behind such decision are inflation expectations as a result …
Georgian National Bank chief explains lari devaluation
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 …
Georgiana lari depreciates, gasoline prices grow
The cost of gasoline at petrol stations in Georgia has reached a historic high. According to the owners of petrol stations, the reason for the rise in prices is unknown to them, but the changes occurred within two days. “The price …
Georgia to release new 10 GEL bills on October 1
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 …
Bakhtadze: Georgian economy now more competitive
Georgia's Prime Minister Mamuka Bakhtadze has responded to Georgia’s improved standing in the Fitch rating. According to him, the promotion in the international rating agency means that the Georgian …
National Bank of Georgia purchases $15 mln
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 …
Dollar defeated by lari in Georgia
Starting from today, the amendments to the laws ‘On the National Bank of Georgia’ and ‘On Advertising’ have entered into force, according to which the entrepreneurs are obliged to indicate prices in the national currency - …
Georgia raises key refinancing rate
The Monetary Policy Committee of the Georgian National Bank raised its key refinancing rate to 6.75% from 6.5% following a pick-up in inflation and said it might raise borrowing costs again in the first half of 2017.
Georgia 2016: win for Georgian Dream, defeat for lari
This year in Georgia ends with the win of Georgian Dream in the fight with United National Movement and the biggest devaluation of the national currency, so the country enters 2017 in the not so holiday mood, Georgian experts said in an interview …
Lari starts gaining value after National Bank says no basis for depreciation
After gradually depreciated all day long, the lari exchange rate has started gaining value in some exchange booths. 1 USD costs 2,51-2,53 Gel in most of them. Its selling price is 2.59-2.60 Gel. The lari rapidly …
Georgia declares war against dollar
Georgia's government and the National Bank are planning steps to ease the pressure on the lari currency, including taking some of the burden off individuals repaying dollar mortgages and banning online credit services. Georgian …
New Faces of Georgian Government
Premier Giorgi Kvirikashvili presented the new Cabinet
