Georgian Economy Minister about GEL

Published in Economics
Thursday, 17 September 2015 13:42

"Compared to the previous year, pressure on our currency is reduced by 100-180 million dollars, and respectively, we are sure that GEL is bound to regain value in the mid-term period.

Also, I would like to point out that if market players fail to make correct expectations, the National Bank and the central government will take all necessary measures. Among them, we will consider adjustment of the budget if the country needs it once again, though at this stage we cannot see any need for it", - said Georgian Minister of Economy Dimitri Kumsishvili.

As the Minister said, his agency has daily contacts with the Finance Ministry and the central bank and analyzes the current situation.

According to Minister Dimitri Kumsishvili, the GEL will regain value in the mid-term period. 

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