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 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.
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.
Lari continues to depreciate. Georgian National Bank set the new exchange rate yesterday, according which 1 U.S. Dollar equals 2.3983 GEL. Georgian Lari has dropped in value against USD by 0.0005 GEL.
Georgian National Currency has also depriciated against Euro. According to the official exchange rate 1 EUR costs 2.6055 GEL today, which means that Lari has dropped in value against Euro by 0.0111 GEL.
Georgian Lari dropped in value against US Dollar. According to the new exchange rate set by National Bank of Georgia, National Currency devaluated by 0.0005 GEL. 1 US Dollar equals 2.3983 GEL.
Georgian National Currency devaluated against Euro too. According to the new exchange rate, 1 EUR equals 2.6055 GEL, while previous rate was 2.5944 GEL. Lari has devaluated by 0.0111 against Euro.
Balance of Payment is a macroeconomic-statistical report, which reflect a record of all transactions made between one particular country and all other countries during a specified period of time. Classification and compilation of information is in accordance with international standards, Based on International Monetary Fund's Balance of Payments Manual.
From 2007, based on the agreement between the Government of Georgia and the National Bank of Georgia, the National Bank is fully responsible for drawing up the Balance of Payment. Balance of Payment of Georgia, international investment position and the external debt are worked out on a quarterly and annual bases and NBG publishes them every year.
According to the new official exchange rate set by National Bank of Georgia, 1 US Dollar equals 2.3978 GEL. While previous exchange rate was 2.3977. Georgian Lari has dropped in Value by 0.0001 GEL.
Georgian National Currency gains value against Euro. 1 EUR costs 2.5944 GEL. Official exchange rate of Lari has gained value by 0.0073 GEL against Euro.
Georgian National Currency gained value by 0.0005 GEL against US Dollar. According to new exchange rate set by National Bank of Georgia 1 USD equals 2.3975 GEL, while the previous exchange rate was 2.3980 GEL.
Georgian Lari recovered towards Euro too. According to new exchange rate, 1 EUR costs 2.6185 GEL, while previous exchange rate was 2.6390. Georgian national currency gained value against Euro by 0.0205 GEL.
In November 2015, the volume of money transfers from abroad constituted 85.2 million USD (204.6 million GEL), which is 18.3 percent (19.1 million USD) less than the amount in November 2014.
91.7 percent of the total money transfers from abroad came from 13 largest donor countries, with the volume of transfers from of these countries each exceeding 1 million USD in November 2015. In November 2014 the share of these 13 countries constituted 92.2 percent of the total volume of money transfers.
In November 2015, 14.7 million USD (or 35.4 million GEL) was transferred from Georgia, as compared to 15.7 million USD (or 28.0 million GEL) in November 2014.
Georgian National Currency gained value by 0.0020 GEL against US Dollar. According to new exchange rate set by National Bank of Georgia 1 USD equals 2.4010 GEL, while the previous exchange rate was 1 US D=2.4030 GEL.
Georgian Lari recovered towards Euro too. According to new exchange rate, 1 EUR costs 2.6315 GEL, while previous exchange rate was 2.6346. Georgian national currency gained value against Euro by 0.0031 GEL.