BANKEBI DA FINANSEBI: “GIORGI KAKAURIDZE: MAINTAINING THE STRENGTHENED EXCHANGE RATE WILL LOWER PRICE OF IMPORTED PRODUCTION”

Georgia’s Deputy Finance Minister Giorgi Kakauridze said that oil-products and foodstuff contributed the largest share to Georgia’s almost 12% inflation in the 1^st quarter.

At the same time, there is a “high trend of the rate strengthening in May”, which “should have effect over the next 1-2 weeks, and when the new product enters the market, it should arrive already with a reduced price”, Kakauridze declared.