NBG says financial stability of the country is not in danger
Monday, November 11GEL rate has decreased to 1.6793. The national currency has been weakening this week. This is the lowest rate since December 2011. However, according to the National Bank of Georgia (NBG), the financial stability of the country is not in any danger. According to Archil Mestvirishvili, the Vice President of the NBG, instability of the GEL rate is a usual event and this will not cause any special change at the market.
”I want to tell you that nothing special is happening at the market. The GEL rate is always changing and it will happen in the future too. It happens in other countries too, the National Bank Vice President said.