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Tag Archives: National Bank of Georgia

IMF COUNTRY FOCUS – Georgia Growing

IMF COUNTRY FOCUS – Georgia Growing

Georgia is in the focus of the International Monetary Fund (IMF). The Vice Prime Minister of Georgia and the President of the National Bank of Georgia (NBG) are responding to the IMF questions on the current situation and perspectives in the country. The interview was held during the annual meeting …

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NBG Vice President: Public Expectations Make GEL exchange Rate Volatile

NBG Vice President: Public Expectations Make GEL exchange Rate Volatile

GEL exchange rate volatility was preconditioned by public expectations after importers have intensified activities. Archil Mestvirishvili, National Bank vice president: We have noted that Georgia has set floating exchange regime, which is accompanied by market fluctuations. As to the factors affecting exchange rate, we have made comments on the issue …

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How Much USD do Commercial Banks Buy and Sell?

National Bank of Georgia (NBG) published indicators about the volume of USD Georgia-based commercial banks buy and sell in Georgia. In 2013-2016 commercial banks used to buy 13.5bln USD and sold 14bln USD a year on average. This signifies commercial banks used to supply more USD to the currency market. …

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NBG to Determine New Rate of Monetary Policy

NBG to Determine New Rate of Monetary Policy

The next meeting of the Monetary Policy Committee of the National Bank of Georgia will be held on October 26 in Tbilisi. According to the NBG, Koba Gvenetadze, President of National Bank of Georgia will hold a press conference after the finish of Monetary Policy Committee. He will inform the …

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Dimitri Kumsishvili and Koba Gvenetadze met with Managing Director of the IMF

Dimitri Kumsishvili and Koba Gvenetadze met with Managing Director of the IMF

The First Deputy Prime Minister of Georgia and Koba Gvenetadze, President of the National Bank of Georgia have discussed current cooperation program and its progress with Tao Zhang, Deputy Managing Director of the International Monetary Fund. The meeting was also attended by Mercedes-Vera Martin, head of International Monetary Fund’s mission. According to the Ministry of Finance, …

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PM: Georgia’s Real Economic Growth will Be Higher than Planned

Georgia is recording the best economic growth indicators and best quality of fiscal management in the Region, Georgian Prime Minister Giorgi Kvirikashvili noted regarding a completion of the first review of International Monetary Fund’s (IMF) mission and stressed positive results of this mission. The Prime Minister noted that Georgia’s fiscal …

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Gvenetadze: We Expect 4.5% Growth This Year

Gvenetadze: We Expect 4.5% Growth This Year

National Bank of Georgia (NBG) does not hurry to review the growth projection, but predicts that the growth will exceed supposed rate (4%). President of the NBG says that macroeconomic indicators are being constantly analyzed, based on which the economy growth might exceed 4.5% late this year. It should be …

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National Bank: Impact of External Shocks Decline

National Bank: Impact of External Shocks Decline

National Bank of Georgia (NBG) has released a statement promulgating tat negative risks factors have declined in relation to Georgia. According to NBG, Georgian economy continues to recover from the external shock, both due to improvements in the domestic and external environment. In particular, the exports of goods and services, …

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