in my opinion the strengthening of the GEL is due to mainly the Russian migration or moreover the Russian escapee from their homeland cause of the global sanctions imposed on them, and Georgia is the one & only country on earth that has this easy visa politic towards Russia, long story short, they couldn't find a better country to become permanent residents without actually having to apply for it formally, but they could instead stay in Georgia for 100 years and always be considered as tourists, this has drawn huge influx of capitals towards Georgia and subsequently the demand of the local currency Lari saw a major surge in the past decade.
In fact, nowadays EUR/LARI quote is at the 2016 levels, which is tremendously good for Georgia, in a very positive way.
I see this support for the Euro handling it good and sending the Lari to a more higher levels once summer kicks out and all this influx calms a bit, it might have a decent rebound over this levels here
In fact, nowadays EUR/LARI quote is at the 2016 levels, which is tremendously good for Georgia, in a very positive way.
I see this support for the Euro handling it good and sending the Lari to a more higher levels once summer kicks out and all this influx calms a bit, it might have a decent rebound over this levels here
Trade active:
doing good