Bank Of Baku

CNN: Economic sturggles in Russia and Azerbaijan caused Georgian Lari depreciation

CNN: Economic sturggles in Russia and Azerbaijan caused Georgian Lari depreciation
# 29 March 2016 12:35 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. The national currency, the Georgian Lari (GEL) has depreciated by roughly 30 percent against the United States (US) dollar since the end of 2014.

 

CNNMoney said the currency plunge was mainly caused by economic struggles in Georgia’s neighbouring major oil and gas producing countries – Russia and Azerbaijan.

 

 

 

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