
"We understand that there have been many panic events and in this case, unfortunately, our citizens as well as business actors are suffering; the current political processes in our country are also contributing to the devaluation and agitation around the national currency. The economy is a very sensitive area that needs a stable environment, and stability is reflected in both the strength and devaluation of the national currency. There are many challenges in the region, difficult situation, war conditions, sanctions. Naturally, this raises some negative expectations for our currency, as well. I'm sure this is just an exchange rate depreciated as a result of expectations. We agree with the economic team and our partners that the macroeconomic parameters are still absolutely sound and there are no objective grounds for the devaluation of the national currency," - Levan Davitashvili said.
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One US dollar trades at GEL 2.7415
16/05/2025