Roman Gotsiridze, MP for the “EuroOptimists”, warns that the results of the elections on October 26 will determine the stability and value of Georgia‘s currency, the GEL. He criticised the current government policies, which he claimed have caused more harm to the GEL that the pandemic.
Gotsiridze said at a press conference that the election results will determine the future of Georgian currency, the lari. He said that the “reckless policies” of the “Georgian Dream government” have destabilized GEL and without a new leadership, the country faces an economic collapse similar to the 1990s.
“The survival and stability of the GEL depends on the voters, as the results of the election will tell us if we are going to have a stable currency or if we are going to return to the 1990s,” Gotsiridze stated.
Gotsiridze criticized the National Bank of Georgia as well, accusing them of supporting the “criminal” policies of the government by selling more than $400 million in order to stabilize the exchange rate of lari. He warned that a victory for the “Georgian Dream”, which could lead to international isolation, would have devastating financial consequences for Georgia.
“The reckless policy adopted by ‘Georgian Dream,’ has caused more damage to the stability and value of the GEL than pandemic.” He claimed that the National Bank was complicit in this crime.
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