The country has positive expectations for the lari’s exchange rate,” says Minister of Finance

TBILISI(BPI)- According to the Minister of Finance of Georgia Lasha Khutsishvili, the country has positive expectations for the lari’s  exchange rate.

Khutsishvili said at a briefing at the government administration that  the  exchange rate will stabilize in the short term.

The Minister spoke about the factors affecting the exchange rate noting  that the situation in the region as well as the pandemic has a negative impact on the national currency.

“The National Bank is working in coordination with the Government to avoid the lari’s sharp fluctuations. Stability is observed in the short term, however, the country is in a rather difficult situation due to the pandemic, that’s why it’s vital  to   vaccinate as many people as possible and to restore tourism  that  will be restored by about  25-30% this year. Apart from that,  the region is also facing  challenges. The situation is tense in the neighborhood that will definitely affect Georgia ,” Khutsishvili said, adding that the country should have quite positive expectations.

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