ISET Economist Blog

A blog about economics in the South Caucasus.

Georgia’s Currency is Much More Than the GEL/USD Exchange Rate

It is easy to understand what it means for an economy to be weak or strong. We know that a strong economy is characterized by low unemployment and high growth rates. Other desirable traits are, for example, low levels of poverty and income inequality, when all citizens enjoy reasonable standards of living.  Things are less clear when we think about our national currencies.  When designating currencies as “weak” or “strong”, we usually think of the exchange rate against the dollar or the euro. Having a “weak” currency sounds like a bad thing, wh...
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Recent Comments
Guest — Chase
I agree with Yasya that it wouldn't be the most advantageous. To add to the argument, I interviewed Matthias Matthijs of Johns Hop... Read More
Wednesday, 16 September 2015 10:10 AM
Guest — Yasya
As far as currency is concerned I am of the opinion that adopting either USD or Euro may not have clear advantages for Georgia. Th... Read More
Tuesday, 15 September 2015 6:06 PM
Guest — JanFidrmuc
Good article. I wonder if dollarization (or euroization) might be the way forward, either by completely replacing the lari in circ... Read More
Tuesday, 15 September 2015 2:02 PM
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