Thu, 29 January
-0.9 C
Yerevan
USD: 379.10 RUB: 5.00 EUR: 452.72 GEL: 140.90 GBP: 522.48

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

Ranking of the most profitable banks in Armenia by the end of 2025

ARKA News Agency has published a ranking of the most profitable commercial banks in Armenia for 2025.

Net loan portfolio of Armenian banks increased by 22.66% to 7.7 trillion drams in 2025

The loan portfolio of the Armenian banking system as of December 31, 2025, amounted to 7.7 trillion drams, an increase of 22.66% compared to the fourth quarter of 2024.

Euro and dollar exchange rates fall against Armenian dram

The average market exchange rate for the US dollar to the Armenian dram on January 22, 2026, fell by 0.06 points compared to January 21, to 379.08 drams.

LATEST NEWS

spot_imgspot_imgspot_img