Opinion

The FINANCIAL -- Unofficial (partial) dollarization describes a situation when a foreign currency is used alongside the domestic currency for transactions purposes and as a store value. High partial dollarization is not good for a country, as it ties the hands of its Central Bank when it wants to use monetary policy. In a highly dollarized economy, national currency depreciation can even lead to financial instability. 

The FINANCIAL -- Without much doubt, Georgian fruits and vegetables are naturally delicious and the country has land soils with high agricultural potential. Strong demand for fresh, healthy fruits is observed locally and globally. And yet, even with the naked eye it is evident that many farmers still do not use available land/resources optimally.

The FINANCIAL -- The average cost of cooking one standard Imeretian khachapuri in January 2017 across Georgian cities varied from 3.56 GEL (prices observed in Tbilisi and Telavi were exactly the same) to 3.92 GEL (observed in Kutaisi).

The FINANCIAL -- Whatever Kim Jong-un’s propaganda says about the greatness of his country, it is a fact that nobody immigrates to North Korea but almost everyone wants to get out.

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