The national currency may depreciate next year, which can be caused by several reasons, including pandemic prolongation, regional instability, and the devaluation of the lira. According to Report.ge, this is mentioned in the updated macro-sectoral review of TBC Capital.
According to the document, in a one-year period, the change in the exchange rate against the dollar maybe 5%, and the dollar fee will be around GEL 3.25.
The value of one euro may reach the mark of GEL 3.68; however, there are other factors that have the opposite effect on the strengthening of the GEL, such as the recovery of tourism, as well as strong foreign exchange inflows from increased exports and remittances.
The factors of GEL depreciation:
