Galt & Taggart predicts GEL strengthening in 2022
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Investment company Galt & Taggart has published an updated overview of the Georgian economy. The document states that the GEL exchange rate has remained stable since May this year, due to the reduction of the current account deficit and correct monetary policy.
At the same time, G&T notes that the lari will remain stable in 2021, as tourism in the country is characterized by recovery dynamics.
As the Investment Bank prognosticates, the GEL exchange rate against the US dollar in 2021 will be in the range of 3.1 GEL to 3.2 GEL. In case the situation in the country is still unstable, G&T expects the National Bank to promptly intervene in the active market.
As for 2022, the Investment Bank predicts that the lari has the potential to strengthen next year, given that the process of tourism recovery will be even sharper.
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