Main Directions of Monetary and Exchange Rate Policies of Georgia for the year 2003
- Topics:
- Financial Regulations
- Source:
- National Bank Of Georgia
FREE Registration is required
Overview: This white paper explains monetary and exchanges rates policies of Georgia decreases. Main Directions of Monetary and Exchange Rate Policies for the year 2003 shall rest on the annual inflation rate within 5 %. The reserve money should increase by 8-10 percent, mainly by accumulating international reserves of the National Bank of Georgia, to ensure the non-inflationary supply of money. Reduction of dollarization and promotion of external competitiveness of the economy should be defined as the main priorities of exchange rate policy for the year 2003. In order to further promote credibility of the national currency among individuals and economic agents, the important task should be maintaining the narrow band of exchange rate fluctuations under floating exchange rate regime and building up international reserves. In order to increase the capitalization of the National Bank of Georgia, 10 % of the net profit of year 2002 should be directed to increase paid-in capital of the National Bank in compliance with the Organic Law of Georgia “On the National Bank of Georgia”
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Dec 2002 | Pages: 1
People who downloaded this item also downloaded
 |
Is There Evidence Of FDI Spillover On Chinese Firms' Productivity And Innovation? |
|
Modeling Inflation in Georgia |
