Z. Tkemaladze and the expert of the German economic team – Georgia spoke about economic development pace and GEL rate in Georgia. Z. Tkemaladze spoke about foreign and domestic factors impacting GEL rate. He attached attention to separation of the Supervisory Council from the National Bank and Council composition.
As the expert stated, due to currency devaluation in the region, GEL current rate is adequate. Transparency of the National Bank activity and cooperation between the Bank and the Government are of utmost importance for economic progress.
The meeting was introductory. According to the expert, the German economic team plans to visit Georgia in November to issue recommendations for Georgia.