to Eva Bochorishvili, the head of the Galt
& Taggart Research Department, if the National Bank of
Georgia (NBG) carries out foreign
exchange interventions in the amount of about $ 200 million in the remaining
months of 2020, this will be a step forward towards stabilizing the exchange
rate within GEL 3, 10-3, 20 per
Bochorishvili believes that there
are such opportunities as the National Bank’s foreign
exchange reserves provided
by donor organizations have increased.
“The National Bank can sell a part of the sums
it receives from donors. This year the foreign aid of $ 1.5 billion will be transferred in stages that
will affect the growth of the National Bank's foreign exchange reserves. Due to
the pandemic, Georgia lost large revenues, primarily from the tourism industry.
The National Bank has
already carried out interventions in the amount of $ 370 million. If it
continues at this pace, by the end of the year interventions in the amount of about $ 400 million will be carried out allowing to keep the lari exchange rate within GEL 3, 10-3, 20
per dollar, ” she notes.