Main Directions of Monetary and Exchange Rate Policies of Georgia for the year 2001

Topics:
Financial Regulations
Tags:
Currency & Foreign Exchange,
Exchange Rate,
Finance,
Free Trade,
Georgia,
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 2001 shall rest on the following parameters: GDP growth - 4 %, annual inflation rate - 6 %. Taking into consideration economic growth it shall use only non-inflationary means of money supply so that the annual average of broad money velocity amounts to 10.2. In 2001 the exchange rate policy shall continue to be floating. The lari exchange rate shall be set in foreign exchange market and shall be determined by market demand and supply. In cases of external shocks to the Georgian economy, the National Bank of Georgia shall conduct its monetary and exchange rate policy to achieve the exchange rate level, which prevents balance of payment deterioration and minimizes deviations from main parameters.

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Format: HTML | Date: Dec 2000 | Pages: 1

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