TBILISI, Dec 1 (Reuters) - Georgia’s central bank said on Thursday it expected the lari currency to stop devaluating shortly.
The lari hit an all-time low of 2.5352 to the dollar on Thursday, down from 2.5311 on Wednesday.
“We expect that devaluation will stop shortly,” the bank said in a statement.
The central bank said the lari devaluation was mainly driven by the U.S. dollar’s strengthening and strong domestic demand for the foreign currency. (Reporting by Margarita Antidze; editing by Maria Kiselyova)