Georgian Currency Exchange Market: Irrational Against Rational Consumer Expectations

Georgia, developing country with very interesting transition history. Difficulties of the transition such as hyperinflation, financial speculations, unstable business environment and pessimistic expectations of the better future changed economic thinking of the Georgian society. These memories are still alive in people’s minds as dark shadow of 90’s. The best example to prove this opinion is characteristics of last year’s negative economic processes, especially the bad expectations in the currency exchange market

Keywords:

FX market , GEL , expectations