Kadagidze does not rule out lari recovering its pre-devaluation rate

Kadagidze does not rule out lari recovering its pre-devaluation rate

Head of the Georgian National Bank Giorgi Kadagidze does not exclude the possibility of the lari reaching the level it was at before the devaluation.

However, it will only be possible achieve this, in his opinion, if all the other indicators of the national economy will once again return to the figures which they had at the beginning of the depreciation of the national currency of the country.

"If incomes and investments will be restored, if we go back to the economic indicators which we had before the beginning of this process, of course the lari will have a tendency to strengthen. In this case, it is quite possible that the lari will return to its old level," Sputnik Georgia quotes the head of the Georgian National Bank.

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