Reserve Money Volume Increases within the parameters agreed with International Monetary Fund
02 September, 2005
According to September data, the volume of reserve money was GEL 922 million. By the statement of Roman Gotsiridze, the President of the National Bank of Georgia, reserve money volume increases within the International Monetary Fund program parameters that is the result of agreed policy between the country government and the Central Bank.
By Mr.Roman Gotsiridze’s estimate the inflation rate in Georgia is brought into line with the predicted indicators despite the fuel oil price increase fixed on the market in August. In August inflow of large sums in foreign currency was observed. Mr. Roman Gotsiridze, the President of the National Bank of Georgia, explained that the main inflation inhibitor is an optimal value of Lari exchange rate.