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Galt & Taggart’s Forecast: Georgian Lari Stability Expected at 2.7 Against the Dollar

by Mariam Gorkhelashvili
November 1, 2023
in Business & Economy, Magazine
Reading Time: 1 min read
Decrease in Georgia’s Subsistence Minimum: Drop of 4.7 GEL in July 2023

According to Galt & Taggart’s forecast, by the end of this year and next year, the average value of GEL against the dollar is expected to be within 2.7.

According to the investment company’s assessment, during October 2023, the lari depreciated slightly against the dollar, although it is stable compared to the beginning of the year.

“Despite the difficult geopolitical context, the stability of the lari is driven by strong fundamental factors such as foreign exchange inflows, high economic growth, and healthy fiscal parameters. According to our forecast, by the end of this year and next year, the average value of the GEL against the dollar is expected to be within the range of 2.7,” said Galt & Taggart’s review.

By Mariam Gorkhelashvili

Tags: dollarGalt & TaggartGELGEL Strengthens against Dollar and EURO
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