"The National Bank’s actions are part of a strategy to
boost the lari’s strengthening," President of the Association of Banks of Georgia
Alexander Dzneladze says.
According to Dzneladze, the regulator’s decision to reduce the reserve requirement by 5%, from 30 to 25%, was timely and was among the central bank’s other measures such as an increase in the refinancing rate and the currency interventions.
raise the value of the national currency
At the same time, he believes that we should not expect that currency interventions without other decisions, will be able to stabilize the lari.