Giorgi Kadagidze

Three mistakes of the government resulted in a loss of USD 250 million

On air on Rustavi 2, former President of the National Bank of Georgia, Giorgi Kadagidze, stated:

20/05/2016

Without verdict

The verification of the application can not be evaluated
Georgia is currently governed by 19 ministries whilst in the case of Switzerland, this number is down to eight

On air on Rustavi 2, the former President of the National Bank of Georgia, Giorgi Kadagidze,

13/04/2016

True

The statement is accurate and nothing is missing
International organisations are positively assessing the policies of the National Bank of Georgia

Whilst speaking about the policies of the National Bank towards the depreciation of GEL, the

16/10/2015

True

The statement is accurate and nothing is missing
Money borrowed from refinancing has not entered the market.

The President of the National Bank of Georgia, Giorgi Kadagidze, in his speech before the

28/07/2015

Mostly True

The application is accurate, but requires additional information and/or definition
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.

At the joint meeting of the Parliamentary Committees, when talking about the depreciation of GEL,

09/07/2015

Mostly True

The application is accurate, but requires additional information and/or definition
Georgia's banking system is one of the best in Europe

Georgia's banking system is one of the best in Europe

25/06/2015

True

The statement is accurate and nothing is missing
Our banking system is one of the best in Europe by the trust rate of depositors.

On 25 May 2015, whilst presenting his annual report at the Parliament of Georgia, the President of

13/06/2015

True

The statement is accurate and nothing is missing
“The profitability of the commercial banks is 14.5% annually. This means that their yearly profit is 14.5% of the total capital which is definitely no...

On 29 July 2014, during his speech at the Parliamentary session, the president of the National Bank

01/09/2014

True

The statement is accurate and nothing is missing

Giorgi Kadagidze

Three mistakes of the government resulted in a loss of USD 250 million

Georgia is currently governed by 19 ministries whilst in the case of Switzerland, this number is down to eight

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

Money borrowed from refinancing has not entered the market.

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.

Georgia's banking system is one of the best in Europe

Our banking system is one of the best in Europe by the trust rate of depositors.

“The profitability of the commercial banks is 14.5% annually. This means that their yearly profit is 14.5% of the total capital which is definitely no...

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