Special Report: Economics
October 28, 2016
ANALYSIS OF EXTERNAL FACTORS AFFECTING ON GEL EXCHANGE RATE – I-III QUARTERS, 2016
PMCG
In the third quarter of 2016, compared to the same period of 2015: - The GEL appreciated against the USD by 0.12% on average; - The negative trade balance increased (5.7%, USD 73.2 mln.); - The volume of remittances increased (16.1%, USD 42.4 mln.); - The volume of deposits denominated in USD also increased (35.8%, USD 1.5 mln.). In the third quarter of 2016, compared to the same period of 2015, the GEL appreciated against the USD by 0.12% on average, while in the same period the GEL depreciated against the EUR by 0.23%.
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© 2016 PMCG
Policy and Management Consulting Group (PMCG) is development consulting company, specializing in policy advising, capacity building, social infrastructure development, and corporate management. PMCG is primarily working in the regions of Eastern Europe, the Caucasus, Central Asia, the Middle East and Africa, with bilateral and multilateral development institutions, such as: USAID, European Commission, World Bank, UNDP, ADB, JICA and others.
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