The government failed to keep what they inherited: the economic growth rate, the GEL exchange rate and tariffs which they promised to halve

Verdict: FactCheck concludes that Otar Kakhidze’s statement is MOSTLY TRUE.

The depreciation of the exchange rate is related to external factors and it is important to decrease dependence on USD in order to safeguard against the impact of such fluctuations

Verdict: FactCheck leaves Ivane Machavariani’s statement WITHOUT VERDICT.

As compared to the currencies of our trade partner countries, GEL depreciated the least against USD

Georgia’s economic situation has worsened in the last three years

International organisations are positively assessing the policies of the National Bank of Georgia

If it were not for Giorgi Margvelashvili’s foolish decision, GEL would not be in such trouble today

The depreciation of GEL is due to loans given to commercial banks by the National Bank of Georgia

The National Bank of Georgia did not take the International Monetary Fund’s recommendations into account concerning the decrease in risks in the financial sector

The influence of the budget upon the currency flows in 2015 is only positive. The influx of foreign currency into the budget is USD 81 million more than the outflow

What we see now with respect to GEL is the result of agiotage

Every economic indicator has worsened this year.

According to Kakha Kaladze, the increase in the prices of electricity was mainly due to the depreciation of GEL.

The government announced that the spending part of the budget would be decreased by GEL 140 million. In reality, however, the budget stayed exactly the same

In every country, national banks worked to strengthen their currency… we must not be afraid of such actions either.

We brought the growth of the reserve money to zero… the reason for the depreciation of GEL is the decrease in the currency influx, nothing more.