Main Directions of Monetary and Exchange Rate Policies of Georgia for the year 2002

Topics:
Financial Regulations
Tags:
Currency & Foreign Exchange,
Finance,
Georgia,
Inflation,
National Bank Of Georgia
Source:
National Bank Of Georgia

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Overview: The Main Directions of Monetary and Exchange Rate Policies of Georgia for the year 2002 shall rest on the following macroeconomic indicators: forecasted GDP growth of 3.5 - 4 %, and the annual inflation rate within 5 %. In conducting monetary and exchange rate policies in 2002, priority shall be given to maintaining the trend of moderate re-monetization of the economy so as to keep the inflation rate within the set limit. To achieve the objective, only a non-inflationary means of money supply shall be used. With consideration given to the development stage of the country and to the vulnerable economic and financial environment, in cases of significant external (changes in the balance of payments) or internal (fiscal crises, unfavorable climate, etc) disturbances to the Georgian economy, the monetary and exchange rate policies shall be conducted so as to minimize deviations from the main parameters

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Format: HTML | Date: Mar 2002 | Pages: 1

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