Wed, 24 September
14.1 C
Yerevan
USD: 382.85 RUB: 4.58 EUR: 451.57 GEL: 141.09 GBP: 517.23

Kaladze: Russian economic situation contributed to depreciation of Georgian lari

YEREVAN, December 5. /ARKA/. The main factor that contributed to Georgian lari depreciation and the strengthening of dollar is the current situation in the Russia economy influenced in turn by international sanctions, vice-premier and minister of energy of Georgia Kakhi Kaladze said, as cited by RIA Novosti.

Lari versus dollar rate start dropping after November 20 when it was 1.7675 laris per $1.

The National bank of Georgia set the lari versus dollar rate at 1,8984 GEL/$1 on December 5.

Dollar tends to strengthen in all countries, and Georgia is not an exception, Kaladze said on the air on Imedi TV on Thursday night.

Kaladze urged the management of the National Bank to comment on the Georgian currency fluctuations as soon as possible. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img