Lari and Lira prove to be the two most depreciated currencies in the region, according to Galt and Taggart's economic review. It says that Lira has devalued against the USD by 8.4%, while GEL by 5.1% this year.
The Ukrainian Hryvnia, Belarusian Ruble, and Armenian Dram have strengthened. As for other countries' currencies, the Azerbaijanian Manat has depreciated by 0.2% against the USD this year; the Russian currency by 1.6%, and the Kazakhstani Tenge by 2.2%.
