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Home / Tag Archives: National Bank of Georgia (page 3)

Tag Archives: National Bank of Georgia

Koba Gvenetadze: “Finances Should Be Secured”

Koba Gvenetadze NBG

The legislation of National Bank does not regulate such organizations, such as financial company “Georgia”-the head of National Bank, Koba Gvenetadze declared. As Gvenetadze noted in the interview with journalists, the population should pay attention what is written in the contract, not to lose their savings. The legislation of National …

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GEL Devaluated by 14.8% Against USD from Early this Year

GEL Devaluated by 14.8% Against USD from Early this Year

National Bank of Georgia (NBG) purchased the same amount of USD, as it had sold. According to Galt & Taggart, NBG made foreign exchange intervention 24 times. The central bank purchased over 278 million USD and sold 280 million, at that 40 million – in the previous week. It should …

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National Bank of Georgia sold $40 million

National Bank of Georgia sold $40 million

National Bank of Georgia made the first foreign exchange intervention after October 12. NBG sold USD 40 000 000 during its Foreign Exchange Auction. The average weighted bid rate was 2.7823. NBG sold 180 million USD from August. The central bank of the country regards, that the rate of national …

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President of NBG Responds to the Critics of Larization

President of NBG Responds to the Critics of Larization

The act is an insurance mean from foreign exchange risks and onetime event, which has been used in other countries and Georgia is not unique in this term, – Koba Gveneteadze, president of National Bank of Georgia has noted to the Public Broadcaster and responded the critics as well. Koba …

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Koba Gvenetdze Makes a Comment on Sharp Devaluation of GEL

Koba Gvenetdze Makes a Comment on Sharp Devaluation of GEL

President of National Bank of Georgia links GEL devaluation to the agotage created by the expectations on the market. Koba Gvenetadze does not name concrete factors, what provoked the negative expectations. He declares that many factors are component of expectations and their separation is hard. “USD rate has been increased …

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Frequently Asked Questions Regarding The Program On Larization Of Loans

Frequently Asked Questions Regarding The Program On Larization Of Loans

Q&A for the program of conversion of loans to individuals in US dollar under real estate collateral before January 1, 2015 into lari loans. What does the program of FX bank loan conversion to lari mean?  The program includes a voluntary conversion of US dollar-denominated bank loans of individuals colalteralized …

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