several weeks of the lari’s collapse, the National Bank of Georgia (NBG) HAS decided to carry out currency interventions in the market.
to the regulator, $ 40 million will be sold today.
the positive internal and external macroeconomic indicators, the lari exchange
rate has reached a mark that creates a risk of price stability and inflation due
to external shocks associated caused by
a reduction in the number of tourists
and negative expectations. For this reason, the National Bank is set to start using the tools it has in order to
prevent the mentioned risks.
1, the National Bank will sell $ 40 million at a foreign exchange auction.
necessary, the National Bank is ready to use the intervention mechanism in the
future. The regulator is also ready to tighten monetary policy if the national
currency will continue to affect the inflation rate, ”the National Bank’s statement