The share of deposits in the national currency in Unibank has decreased by 30-40% since the beginning of devaluation. According to the report, it is approximately equal to the devaluation - on February 21 the manat slipped against the US dollar by 33.5%.
Today, about two-thirds (60 to 70%) of the deposit portfolio are in dollars. Before the devaluation the ratio between deposits were in favor of the manat - 60% versus 40%. --17D-
Economics
-
Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
-
Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
-
Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
-
Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged European leaders to pursue a "smart green deal" at the COP29 summit in Baku, advocating for a balanced approach to the energy transition that takes into account both environmental and economic realities.
Leave a review