• NAME OF RESEARCH

    Georgian Economy - Let’s Float Together

  • NAME OF AUTHOR

    Galt & Taggart

  • CATEGORY

    Economy

  • YEAR

    2015-12-29

  • Download PDF

Azerbaijan’s central bank moved to a floating exchange rate on December 21, causing an immediate 32.3% devaluation of the AZN against the US$. While Azerbaijan is Georgia’s important trading partner, its already reduced share (dominated by re-exports) in Georgian exports minimizes the potential negative impact of the devaluation on Georgia’s trade balance. 

The paper reviewvs the possible changes  regarding the devaluation on Georgia’s trade balance.