Jacob Frenkel: Larization and Georgia’s Economic Results Mark a Vital Step Toward National Advancement

In today's reality, when globalization faces increasing threats and global fragmentation is underway, Georgia has the opportunity to position itself as a hub of regionalization.

“Georgia’s economy is attractive, and it can cooperate with neighboring countries that view it as a strong example of economic performance,” said Jacob Frenkel, former President of the Central Bank of Israel and Chairman of the Group of Thirty (G30), at a high-level international conference organized by the National Bank of Georgia (NBG) in Tbilisi.

According to Frenkel, Georgia’s process of larization and its overall economic achievements are crucial milestones on the country’s path to economic advancement.

He also emphasized the important role played by the National Bank of Georgia in driving these results.
“If we look at inflation, economic growth, the banking system, and financial innovation, we can clearly see the efforts made by the NBG to continue advancing larization and Georgia’s economic progress,” he noted.

Frenkel praised the large-scale international conference held in Tbilisi as part of the 30th anniversary celebrations of the introduction of the Georgian lari, saying it was a great honor to participate in such a distinguished event.