Monday, January 12, 2009

FINANCE: GEL in 2009 - Keep Your Money in USD, experts advise (finchannel.com)

The FINANCIAL -- National Bank of Georgia ’s (NBG) statement, about unprecedented international reserves, in amount of 1,460 million USD, does not calm experts’ expectations about stability of GEL. Independent expert predict GEL record decline in summer. As for NBG “unexpected negative information for Georgia’s economy may cause depreciation, and positive information will cause appreciation.”

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