
“Recently, the problems created with money transfers outside the country and the ways to solve them were the main topics of the meeting held between the Vice-President of the National Bank of Georgia Papuna Lezhava and the member companies of the Business Association of Georgia,” – the Business Association of Georgia reports.
According to the Business Association, the meeting was held at the Business Association of Georgia, and it was attended by members of the Association, as well as representatives of the banking sector and companies the business operations of which are related to the import of goods.
The Vice-President of the National Bank of Georgia briefed the attending companies on detailed information related to the regime of the US and international sanctions, during which attention was focused on the risks of both the origin of the imported goods and the transit routes. In particular, it was noted that in recent months, in order to reduce the significantly increased transport costs, there have been cases of using the transit corridor of the Islamic Republic of Iran when importing goods from some Asian countries. Therefore, the companies present at the meeting received information that these transactions represented a violation of the international sanctions imposed by the USA, and such transactions might create a risk of delaying the implementation of transactions in foreign currency outside the country within the framework of the correspondent relations of the banking sector.
During the meeting, the parties talked about the measures to be taken to reduce the risks, the necessity of pre-selection of transportation companies, production of a white list of companies participating in transactions, and confirmation of the origin of specific goods.
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One US dollar trades at GEL 2.7068
21/08/2025