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Gakharia’s Comment on GEL: this is Volatility, which is Reflected Against Lira

Gakharia’s Comment on GEL: this is Volatility, which is Reflected Against Lira

Minister of Economy links sharp devaluation of GEL to the existed conditions among the basic trade partners. He declares that it is short-term theme and predicts stabilization of national currency.

“We all know that we have small, open economy. Respectively, we should be ready that conditions developed with our main trade partners cannot be reflected on our economy. Today, what happens linked to GEL rate is volatility, which is reflected against Turkish lira. So, it is short-term theme and we are expecting stabilization”, – George Gakharia declares.

Gakharia says, that 4-point plan of the government is directed to attract investors and accelerate economic growth – “economic growth to be faster is the sole way for GEL stabilization for a long-term period”.