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Koba Gvenetadze: There is a Preliminary Condition of GEL Strengthening at the Market

President of National Bank of Georgia links GEL strengthening to the natural factors and makes a note to the preliminary conditions.

Koba Gvenetadze talked about it with TV-company Maestro. The chief banker of the country made a focus on the improvement of current account deficit and positive expectations. According to him, current account deficit is improved by 300 million USD, import decline is continued, while export reduction pace is diminished. Moreover, expectations directly reflects on currency exchange, which is now improved

Koba Gvenetadze notes afresh, that floating exchange rate is the most optimal for a country with such open and small economy, which absorbs positive as well as negative shocks in order to ensure development of sustainable economic for a long term period.