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Lari GEL Loan

Loans Till 100,000 Laris Will be Issued only in GEL

From January 2017, small loans equaling 100 000 laris will be issued only in GEL. Georgian PM Giorgi Kvirikashvili announced. In addition loan limit will increase till 200 000 GEL.

According to him, a new commercial law will be introduced soon which will make inevitable to publish prices of goods and services in national currency, however this regulation does not imply to forbid announcing prices in different currencies as well.

“For example, developer companies need to publish flat prices in Lari and at the same time note prices in foreign currencies. As a result we will decrease our population’s dependency on foreign currencies and exchange rates,”Kvirikashvili said.