Georgian Currency Faces Downward Pressure Amid Economic Challenges
The Georgian Lari (GEL), the national currency of Georgia, has been losing its value against the US dollar (USD) in recent weeks, reaching its lowest level since 2020. The depreciation of the Lari has raised concerns among the public and the authorities, as it affects the purchasing power, inflation, and external debt of the country. What are the causes of the Lari’s decline? According to experts, there are several factors…