On March 27 the official rate reached a record GEL 3.48 to 1 USD. Lack of foreign tourists couldn’t be compensated for by the fact that Georgian citizens, deprived of the possibility to travel to other countries, spent their money on domestic tourism. Receive updates twice a week on the latest news from the South Caucasus. What the future government could look like

Azerbaijan, Armenia, Georgia, North Caucasus, Amongst the most curious was Ivanishvili’s claim that: “We must also protect those who make the wrong choice so that they don't punish the country with their emotional decisions”, The ruling party received the most donations, especially from the winners of public procurement tenders, The day before the elections, opposition political parties have agreed not to form a coalition government with the ruling Georgian Dream party, 10 historical highlights of the 9th Georgian parliament - Ivanishvili, proportional election system, Gender quotas and more, A history of modern Georgian you won’t find in any textbook.

– this is the most realistic scenario but the sad part is nobody knows where the rate fall will stop.

Summing up, one can say that the decrease of foreign trade, money transfers, and tourism alone inflicts a loss of USD 800 million.

2. From March to September, the country lost up to USD 2 billion in income due to tourism coming to a halt. Expert of Transparency International Georgia, economist Beso Namchavadze speaks about four possible scenarios to stop the devaluation of the national currency: 1. Video, The history of the Georgian political poster, Georgia: United Opposition holds last election rally, All you need to know about Georgia’s parliamentary elections on Oct. 31, Georgia: newest election surveys published just two days ahead of vote, Georgian authorities claim opposition preparing an ‘armed rebellion’ after elections, US Ambassador: Personality politics must end in Georgia, Georgia: 1000s of coronavirus patients, people in self-isolation will be unable to vote, Elections in Georgia: how parties are planning to solve the territorial conflict, Georgian FM: Russia must withdraw its recognition of Abkhazia and S. Ossetia, Bank robbery in west Georgia being investigated as act of terrorism, Ruling party head’s former security chief in tell-all TV interview, "Our village isn’t occupied, but people are still fleeing" – life in a Georgian village in the conflict zone before the elections, Zugdidi bank robber took money from bank, not from state, Op-ed: Benefits of contact between Abkhaz and Georgian law enforcement, Maps of the Karabakh conflict: the situation on the ground according to Armenia and Azerbaijan, Wife of Armenian PM goes to the front in Karabakh war, News, reports, media on combat in Karabakh. All Rights Reserved. Video, Additional police forces brought into Akalkalaki in Georgia after murder, riots, arson, Georgia: ruling party beats out opposition in pre-parliamentary election polls, Maps of the Karabakh conflict: the situation on the ground according to Armenia and Azerbaijan, Armenia 10th in world in cases per million population. USA at 55th, Azerbaijan at 59th, and Armenia at 73rd on this list Ex Georgian president Saakashvili nominated candidate for PM in elections by UNM party

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