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Banking

Koba Gvenetadze: GEL Excessively Strengthened in Spring

GEL/USD rate is the main topics an interview, publication \”Rezonansi\” has spoken with obama of National Bank of Georgia.?

President of NBG considered three priorities of your Regulatory in the extensive interview –? tight communication while using the media, decrease in dollarization and protection of consumer rights. ?Gvenetadze declares, the key condition in Georgian finance …

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Banking

National Bank Statistics Proves Downfall in Prices

Imported inflation in June declined by 5% in comparison to May 2016 because of contraction in fuel prices, the monthly report by the National Bank of Georgia (NBG) reads.

It should be noted that, due to exchange rate devaluation, prices of family equipment or other imported goods extremely increased within the last few year. At the …

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Banking

National Bank Gave 8.5 mln GEL to the Market

The National Bank of Georgia (NBG) supplied much more than 8.5 million GEL to your market.

At the currency auction, the NBG purchased 8.5 million GEL towards market. The averaged weighed exchange rate made 2.2802.

Investment bankers tend not to expect this intervention to provoke strengthening the GEL exchange rate. Getting foreign currency means a source of …

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Banking

EBRD Issues First Public Bond in Georgian Lari

The European Bank for Reconstruction and Development (EBRD) issued its first public bond in Georgia’s lari currency, the way it looks to lift funds for local projects and provide the country’s debt market.

The EBRD said on Monday the five-year bond, worth 107 million lari ($49 million), was added to the Georgian Stock trading game on …