Georgian foreign exchange market - Problems and Prospects

This article deals with the foreign exchange market, its essence and meaning in the world and in Georgia. Wide spectrum of foreign-economic settlements, tourism, capital, and labor migration, as well as other ongoing operations are carried out on foreign currency markets. it envisages us- age of foreign currencies by buyers, sellers, intermediaries, and other financial companies and firms. Georgian foreign exchange market can be considered as a less diversified mar- ket. Necessity of elaboration of the correct foreign exchange policy should be defined. For the purposes of mitigation of the strong fluctuation of the domestic currency, the currency market and the National Bank of Georgia should jointly work- out the strategy which would allow the national currency to maintain its stability.