PM says Georgia has resources to restore economy

PM says Georgia has resources to restore economy

''Emotions and expectations are largely important,'' Georgian PM Giorgi Gakharia told reporters in response to a question concerning the GEL exchange rate.

In his words, GEL sharply depreciated in summer, during the first wave of the virus, but afterward, it normalized.

He says he is well aware that the GEL exchange rate does not represent only an economic but social factor.

''Despite the global crisis, Georgia still maintains normal parameters,'' Gakharia said.

In his words, the Georgian government and the National Bank have more than enough resources to launch restoring the economy rapidly.

It will directly influence the GEL exchange rate, he said.

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