Kaladze: Russian economic situation contributed to depreciation of Georgian lari

05.12.2014 17:42
Kaladze: Russian economic situation contributed to depreciation of Georgian lari

YEREVAN, December 5. /ARKA/. The main factor that contributed to Georgian lari depreciation and the strengthening of dollar is the current situation in the Russia economy influenced in turn by international sanctions, vice-premier and minister of energy of Georgia Kakhi Kaladze said, as cited by RIA Novosti.

Lari versus dollar rate start dropping after November 20 when it was 1.7675 laris per $1.

The National bank of Georgia set the lari versus dollar rate at 1,8984 GEL/$1 on December 5.

Dollar tends to strengthen in all countries, and Georgia is not an exception, Kaladze said on the air on Imedi TV on Thursday night.

Kaladze urged the management of the National Bank to comment on the Georgian currency fluctuations as soon as possible. –0--


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