The Official Exchange rate of Dollar has not Changed
The official Exchange rate of US Dollar has nor changed since yesterday. National Bank of Georgia set the official exchange rate yesterday according which 1 USD equals 2.4023 GEL.
According to the Georgian National Bank, the national currency has dropped in value against Euro. The exchange rate of 1 Euro equals 2.6365 GEL, which is more by 0.0029 GEL then yesterday.
On December 24, 2015, the National Bank of Georgia sold USD 20 000 000 during its Foreign Exchange Auction. The average weighted bid rate was 2.4012.
TWO PERSONS DETAINED FOR THE ATTEMPTED SWINDLING
The officers of Samegrelo-Zemo Svaneti Police Department of the MIA as a result of operative-investigation activities detained Maia B. (D.o.B.: 1968) and Nana Sh. (D.o.B.: 1980) in Zugdidi for attempted swindling.
Investigation established that the detainees deceived one of the refugees as if they had an influential acquaintance at the Ministry of Internally Displaced Persons from the Occupied Territories, Accommodation and Refugees who would assist him in receiving an apartment. For the mentioned favor detainees demanded and extorted 2000 USD from the refugee.
Law enforcers detained Maia B and Nana Sh in several minutes from the moment of extortion money. Police seized 2000 USD as evidence during personal search of Maia B. Both of the detainees have already pleaded guilty.
Georgian Lari should be priority for us-Nodar Khaduri
I absolutely agree with the President of the National Bank Georgian GEL should be priority for the currency for US- the Minister of Finance Nodar Khaduri said after commenting of the statement of the National Bank of Georgia, Koba Gventadze.
According to Gvenetadze, residents have to get used to live without the US dollar and the national currency should be a priority for Georgians. The main challenge is to restore confidence of Georgian Gel.
Lari exchange rate reached an alarming level
The economic situation in Georgia is too difficult. According to Zurab Melikishvili, the exchange rate of lari has reached an alarming level.
The National Movement speaks about the government"s inaction and call on the goverment to take active steps to save the national currency.
As Melikishvili noted, In the last 13 months, 407 million dollars were spent from the reserve fund so that the National Bank has no possibility to buy back even one dollar.
The U.S. Government commits $69.3 million to Georgia
The U.S. Government commits $69.3 million to Georgia’s democratic and economic development. On December 22, the USAID Caucasus Director Douglass Ball signed two development assistance agreements with Georgia’s Minister of Finance Nodar Khaduri. The agreements will support the following two projects over the next five years: Democratic Control, Balance and Accountable Government; and Inclusive and Sustainable Economic Growth.
Georgian Lari Gains Value slightly against USD
Exchange rate of US Dollar won't be 2.4107 any more. Georgian National Currency slightly gained value against Dollar today. Tomorrow 1 USD will cost 2.4023 GEL, what is less by 0.0084 GEL compared to previews official exchange rate.Georgian National Currency also gained value against Euro. 1 EUR will cost 2.6342 GEL, when previews exchange rate set by National Bank of Georgia was 2.6342 GEL. Which means that Georgian Lari gained value by 0.0006 GEL against Euro