National Bank of Georgia

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Georgian Central Bank increases key rate by 50 base points

The National Bank of Georgia raised its key refinancing rate by 50 basis points to 7% today. The monetary policy decision is based on the macroeconomic forecast, according to which the National Bank of Georgia continues monetary policy …

Has the lari stopped falling?

The Georgian authorities and the National Bank of the country are ready to implement the actions required to stabilize the lari in the case of its decline, but further devaluation of the national currency is not waiting for the regulator, the …

Georgian parliament starts its work on September 1st

The autumn session of the Georgian parliament opens on September 1st with a meeting of the Bureau. The first plenary session will be held on September 2. One of the issues that will be discussed by deputies is the veto imposed by President …

Georgian national currency continues to fall

The Georgian lari continues to depreciate against the dollar. The depreciation of the currency began in mid-July and continues till now. Thus, on Friday the Georgian National Bank established an exchange rate of 2.3271 lari to the …

Georgia receives 25% less in remittances

During the seven months of this year the volume of remittances from abroad to Georgia fell by 24.2% (202.3 million dollars) compared to the same period last year and amounted to 632 million dollars. This information is contained in data of the …

Georgian National Bank raises key rate to 6%

The Monetary Policy Committee of the Georgian National Bank has decided to raise the key rate to 6% at its meeting today. The Georgian National Bank explained it was due to the macroeconomic forecast, according to which inflationary …

Georgia uses key rate against inflation

The National Bank of Georgia increased its key policy rate from 5% to 5.5% and predicted further gradual tightening of the monetary policy in the course of this year. "The monetary policy decision is based on the macroeconomic forecast,