Tue, 6 May
12.1 C
Yerevan
USD: 389.46 RUB: 4.80 EUR: 441.84 GEL: 141.88 GBP: 518.41
spot_img

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

Armenia Enters Top 10 Countries in the World with Lowest Inflation in 2024 – IMF

Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.

Central Bank of Armenia leaves countercyclical capital buffer unchanged at 1.75% level

The Central Bank of Armenia has decided to maintain the countercyclical capital buffer at 1.75%. This decision was made following an assessment of the macro-financial landscape and trends within the credit market.

VTB (Armenia) supported the inter-university Universiade – 2025

VTB (Armenia) has proudly stepped in as the general partner for the Universiade 2025, a student sports festival organized by the Russian-Armenian University.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net Remittance Inflow to Armenia Sees Significant Drop in Q1

The net inflow of private money transfers to Armenia from overseas through the banking sector has nearly halved in the first quarter of 2025, totaling $143.7 million, a sharp decline from $278.6 million during the same period in 2024, as reported by the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img