Banking

Robert Singletary: Larization Program is Undeniably Successful

Robert Singletary: Larization Program is Undeniably Successful June 1, 2018Leave a comment
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Robert?Singletary, person in the Board within the National Bank of Georgia progressively estimates larization program, regardless that merely 3000 out from 27 000 beneficiaries are involved in the larization program.

Member with the Board with the National Bank of Georgia announced on positive expectations of 10-point government plan and various activities of NBG to TV-company Maestro (BusinessContact). He expects activeness of beneficiaries after this software. As known, final term of proposal submission expires on March 17. However, nobody announces for the prolongation within the term at this moment.

This is single-time program, subsidized by 65 million announced via the government many months ago across the excise growth on tobacco and fuel, if your exchange rate had been $1/2.7 GEL. Several point-plans have in addition envisaged imposing restriction from microfinance organizations and banning of online crediting, that has been corrected a tad later.

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