Open AccessCOVID-19 PANDEMIC AND CURRENCY RISK ANALYSIS IN GEORGIA
Author(s) -
Gia Zoidze,
George Abuselidze
Publication year - 2021
Publication title -
entrepreneurship
Language(s) - English
Resource type - Journals
ISSN - 2738-7402
DOI - 10.37708/ep.swu.v9i2.3
Subject(s) - currency , liberian dollar , order (exchange) , covid-19 , monetary policy , pandemic , us dollar , georgian , economics , monetary economics , reserve currency , foreign exchange risk , international economics , business , finance , medicine , linguistics , philosophy , disease , pathology , infectious disease (medical specialty)
This article discusses the main problems, challenges and peculiarities of monetary policy in Georgia. Analyzes the currency crisis caused by the covid-19 pandemic and outlines ways to overcome it. Presents a comparison of the Georgian lari with the most stable currency in the world over the last 100 years (against the dollar). At the end of the publication, given the current reality, some predictions and recommendations are presented. The paper also argues that in order to properly assess and manage currency risks, first of all, it is necessary to properly understand the essence of money, which even today, in the conditions of accelerated economic processes, is not clearly defined. In particular, whether money should be a tool for conducting monetary policy.