To the editor

To the Editor,

Maybe it’s time the National Bank of Georgia came clean on its valuation of the Lari (GEL). The GEL was always tied to the US dollar; now it appears to be tied to the Euro. In December, the GBP was 3.3 to the GEL, now it’s 2.90. However, the pound has increased against the dollar—and yes, the pound has devalued against the Euro.

So whose rate are we tied to? Or are the banks manipulating the currency to suit what they want? It’s time for open debate on the rate of exchange.

Regards,

Billy Hirst