Here is the rephrased version:
The foreign exchange inflows in December showed improvement, mainly due to an increase in traditional tourism. However, there was a slight decrease in migration effects. In January, the deposit dynamics indicated a change in expectations regarding the depreciation of GEL. Despite seasonal factors, GEL deposits grew more than currency deposits, reflecting evolving expectations. Considering the foreign exchange inflows and sentiments, two additional components of TBC Capital‘s Lari exchange rate framework need to be taken into consideration: low inflation and recent lari strength may pose a challenge to competitiveness in certain industries.
Although the data for SEB’s currency interventions in December and January is still pending, TBC Capital predicts more USD purchases following a $169.4 million sale in September-November, rather than a significant strengthening of the lari. The exchange rate dynamics of the euro and regional currencies, such as the weakening of the Turkish lira and the strengthening of the Russian ruble, have an impact on the lari’s average exchange rate stability with its main trade partners.
For more information, please follow the link provided.
Unlock a rewarding experience on the TBC Digital Bank investment platform! Be one of the first 1000 users to open an investment account and receive $5 in Apple shares. Simply update your TBC Digital Bank application and follow the easy instructions.
Discover the freedom of our investment platform, which offers access to stocks and funds from over 6,500 US companies with just a click. You can buy as little as half or even a tenth of a share for as little as $1. With the ability to open an account, deposit funds, invest, buy and sell assets, and withdraw money all at your fingertips and with no commission fees, the investment platform is a convenient and accessible option.
You can also earn up to 3% annual interest in US dollars by temporarily holding your funds in an investment account while you decide on your investment strategy. For users of the TBC Concept 360 set, our personalized services include access to a dedicated investment advisor. They will assist you in creating a tailored portfolio based on your unique needs, keep you informed about market trends, and handle any analytical or technical tasks you may have.
Take advantage of our autopilot feature, which simplifies the investment process. You can choose your preferred investment option, whether it be stocks, funds, or a specific savings schedule (daily, weekly, or monthly). Once activated, the autopilot ensures that your chosen stocks and funds are automatically purchased according to your selected amount and schedule.
Don’t hesitate – start investing today and unlock the potential of the TBC Digital Bank investment platform!
Meet the finalists for Outstanding Customer Experience in the TBC Business Awards: “Tsim Tsim,” “Entebi,” and “Auki.” “Entebi” stands out in the accounting and financial services industry, serving over 500 businesses daily. Founded in 2015, it has revolutionized the market by providing simplified, technology-driven solutions, with a focus on small and medium-sized enterprises.
Read More @ georgiatoday.ge