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Economy Minister: GEL stabilising

Georgian Economy Minister Giorgi Kvirikashvili says that Georgian national currency Lari is stabilizing.

The Government representatives set future directions and plans regarding Lari stabilisation at the meeting with Head of National Bank of Georgia yesterday.

“Georgian Government has a complex plans about how to encourage export and tourism in the future. Also, we plan to take significant steps in terms of attracting more foreign direct investments (FDI) in our country. These actions will have very positive results, I believe,” Kvirikashvili said.

During the last weeks Lari has depreciated sharply against dollar. The official rate is 1.99 GEL to the dollar, but at exchange booths it exceeds 2.00 GEL.

Lari has fallen to its lowest level since April 2004