Recently, the National currency of Georgia has gained value. Thus, government officials and experts discuss the factors that caused the GEL to have gained value.
The government officials say the government sector did its best to help the GEL, while specialists say positive expectations positively influence the GEL exchange rate maintenance.
Expert Khomeriki says that Georgia has a free exchange rate, and economic factors sometimes fail to define the process outcomes.
''We cannot name the closed economy as the only reason for what happens,'' Khomeriki says, adding there were moments of a sharp depreciation of GeL.
''The inflow and outflow of foreign currency, GEL volume, budget expenses and deficit, investors' mood, population's confidence in the national currency, economic growth pace and several factors will also work again,'' he said, adding it is impossible to define the contribution of every single factor to the GEL gaining value.
Temur Komeriki says Prime Minister Gakharia's statement on collaboration with Cambridge and London Universities experts gives a hope.
As a reminder, one USD equals 2.9841, following an exchange rate set by the National Bank of Georgia.
Маri Chitaia
News Author