According to Garibashvili, after his speech lari began to strenghten
Prime Minister highly assessed his own speech and said that after he presented the government program, lari got a few pointsstronger.
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Prime Minister highly assessed his own speech and said that after he presented the government program, lari got a few pointsstronger.
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"Pressure on the National Bank damages the interests of the country" - this statement was made by the representative of the International Monetary Fund. Azim Sadikov responded the devaluation of the currency. According to him, the GEL exchange rate should remain floating.
"This position should be supported. Therefore, the pressure on the central bank should be stopped. Such is the position of the International Monetary Fund,”- said Sadikov.
"Our country"s foreign currency reserve is a guarantee of stability of the financial system," said the president of the National Bank and added that neither the investigative commission or any other pressurecould force the central bank to take steps harmful for the country. Kadagidze made this statement after the meeting with IMF representative.
Charlize Theron, Tom Hardy, director George Miller and cast attended the premiere of Mad Max: Fury Road on Thursday in Hollywood.
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Some of economic experts do not share the Prime Minister`s vision for lari stabilization. Analysts say that the Prime Minister"s speech showed that the government and the economic team do not have a specific plan on how to stop the devaluation of the national currency.
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