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monetary crisis

Monetary crisis will stabilize by May

The monetary crisis will become stable by May, said Kakha Okriashvili, one of the founders of PSP, after meeting government representatives and businessmen.

According to him, the GEL exchange rate will stabilize, with one dollar being equal to 2 GEL.

“Giorgi Kvirikashvili has just presented a short-term action plan to overcome the crisis. Presumably, there will be no crisis by the end of May and according to my estimations, one USD will be equal to 2 GEL,”- Okriashvili remarked.