It seems this is a short-term effect and this will be regulated in the nearest future, - Prime Minister Mamuka Bakhtadze said in response to a question about the GEL exchange rate.

As Mamuka Bakhtadze explained, the economies of neighboring countries are influencing the GEL exchange rate.

"I naturally have analytical data. We have a small economy, and naturally, neighboring countries influence our exchange rate and macroeconomic parameters with their big economies.

Export index is at a record low. Tourism figures are very good. Active process of reduction of trade deficit is ongoing. Consequently, all the fundamental factors are very sustainable and positive. However, of course, the events that are taking place in the Turkish economy, are naturally influencing our country, but since the NBG's reserves are very large and solid, our macroeconomic parameters are very sustainable. The International Monetary Fund's mission confirmed the same and therefore, the assessment is unambiguous - this is a short-term effect”, the PM said.