In order for transactions to be growing, more convenient and faster, several infrastructure projects have been introduced, including the implementation of an instant payments system, which will make transfers cheaper, - said President of the National Bank, Natia Turnava, during a plenary session of Parliament where she is presenting the National Bank’s annual report.

In response to a question from MP Malkhaz Toria of the “For Georgia” faction, who asked what would happen if the regional political situation changes and financial inflows stop, Turnava said she sees no risk of a halt in international transactions.

“We do not see any risk that international transactions will be stopped. We have a business model that is open to bilateral and multilateral trade relations. Investments are increasing, as well as other types of inflows. By the way, this is why we have the ability to increase reserves - foreign currency inflows are only growing despite all shocks. We are constantly improving our domestic payment infrastructure so that transactions are not only growing but also more convenient and faster. For this, we have implemented several infrastructure projects, and an instant payments system is also being introduced, which will also affect transfer costs by reducing them - this is our expectation. Therefore, we do not see risks here,” Turnava said.

The MP from the “For Georgia” faction had asked whether economic growth is real or temporary, and whether the country has a sustainable economic foundation if the regional political situation changes and financial inflows stop.