National Bank Larization of loans Loans Foreign

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The NBG explains that this change is aimed at reducing the dollarization of bank loans. The National Bank also increased the limit for foreign currency loans in 2024, when it increased it from GEL 200,000 to GEL 400,000 for unhedged borrowers. The December 18 order increases the limit to GEL 500,000, and a Georgian citizen whose income is denominated in GEL cannot borrow money in foreign currency from banks if they need less than the equivalent of GEL 500,000.


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