Koba Gvenetadze: There is a Preliminary Condition of GEL Strengthening at the Market
Koba Gvenetadze pointed out it with TV-company Maestro.?The principle banker of the nation developed a pinpoint the improvement of current account deficit and positive expectations.?In line with him, current account deficit has improved by 300 million USD, import decline is continued, while export reduction pace is diminished. Moreover, expectations directly reflects on foreign currency, and that is now improved
Koba Gvenetadze notes afresh, that floating exchange rates are the best optimal for a country utilizing these open and small economy, which absorbs positive and also negative shocks to ensure advancement of sustainable economic for some time loan period.