Special Report October 28, 2016	Days:  03 17 28 05 20

economics

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%.