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Georgia on the Brink: Political Turmoil Casts a Long Shadow Over Economic Prospects
25 Dec 2024 23:18 GMT
… December 26, 2024
As Georgia grapples with deepening political … some extent.
Regarding Georgia's foreign currency reserves, the … maintain the stability of the lari's exchange rate … that $9 billion enters Georgia annually from Western countries. …
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“SOCIETY AND BANKS”: IF SITUATION IN THE COUNTRY DOES NOT DEFUSE, SHARP DEPRECIATION OF LARI AND GROWTH OF INFLATIONARY RISKS ARE EXPECTED
19 Dec 2024 06:59 GMT
… of Georgia (NBG) in the forex market aiming prevent the depreciation of lari … defuse, a sharp devaluation of lari and an increase in inflationary …
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Fitch Revises Georgia's Outlook to Negative; Affirms at 'BB'
09 Dec 2024 08:39 GMT
… on Georgia's Long-Term Foreign-Currency Issuer … (mainly through purchase of currency forwards). Reserves have since … indicating increasing expectations of lari weakening in the run- … from converting local currency into foreign currency and transferring the …
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Georgia: Authorities trying to downplay economic jitters amid protests
05 Dec 2024 18:21 GMT
… on November 28 that Georgia would be halting EU … of Georgia, remain down a week after the announcement. The Georgian lari … sell off millions in reserve currency to ensure fiscal stability. … of the National Bank of Georgia, Natia Turnava, claimed central …
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National Bank of Georgia denies claims of currency restrictions at domestic commercial banks
04 Dec 2024 17:09 GMT
The National Bank of Georgia on Wednesday “categorically” rejected … alleged restrictions on foreign currency deposits and transfers … of the Georgian national currency, the lari, were driven by … deposits and conduct foreign currency conversions and transfers “ …
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Georgian PM: central bank “working perfectly” to “ensure stability” of national currency
03 Dec 2024 14:01 GMT
… stability” of the national currency, the lari, amid political instability during … during the period had increased Georgia's economy by … “create problems for the lari and the national economy”. … maintaining the stability of the lari exchange rate” the Prime …
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Georgia Premier Rules Out Talks With Opposition After EU-Protest Clashes
02 Dec 2024 16:36 GMT
… Peskov said the circumstances in Georgia were similar. “There … play down the national currency’s decline against the … September, 2022. “Regarding the lari rate situation, every time … suspended its strategic partnership with Georgia, saying the Georgian Dream …
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ADB Program Helping Enhance Vocational Education and Training in Georgia
22 Nov 2024 03:32 GMT
… approved a 68,198,000 lari ($25 million equivalent) policy … to continuing to support Georgia’s education reforms,” said … established Skills Agency of Georgia governed by an independent … currency sovereign loan in Georgia. The program aligns well with Georgia’ …
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AS OF SEPTEMBER, TBILISI’S SHARE IN GEORGIAN BANKS’ LENDING IN LARI MADE UP 62.6%, IN FOREIGN CURRENCY – 83%
16 Nov 2024 01:05 GMT
Daily News: Economics
November 15, 2024 As of September, Tbilisi accounted for 62.6% of total loans issued by Georgian banks in lari (32.4 billion lari, including overdue loans). In Tbilisi, loans totaled to 20.29 billion lari (year-on-year growth – 21.7% …
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AS OF SEPTEMBER 30, DEPOSITS PLACED BY LEGAL ENTITIES IN GEORGIAN BANKS IN FOREIGN CURRENCY INCREASED BY 15.4% Y-O-Y
14 Nov 2024 22:50 GMT
… in foreign currency totaled to equivalent of 19.23 billion lari, the … National Bank of Georgia reported. If compared …