Kepuladze, founder/chairman of the Board at Society and Banks (NGO), speaks about the strengthening
of the national currency which at first glance has no clear reasons.
“The rate is strengthening but financial
problems have not yet been solved and there are no tangible changes in the country’s
economy. Positive expectations are the main factor to boost the lari’s strengthening - society is not so pessimistic
and sees positive trends.
For example, the lari
gained some of its value as soon as the curfew hours were reduced and land borders opened. We will see the economic
effect of all these decisions later, but the positive expectations have already
played their role.
As a result of the opening of the
borders, the tourism industry is expected to recover as
well as the country’s economy. According
to various forecasts, in the next six months the international tourism revenue will amount to $ 1-1.5 billion that will positively effect the exchange rate of the
It is difficult to
make long-term exchange rate forecasts but one thing is clear if the economy
grows, the lari will keep strengthening as well, ”he writes on his page.