Tbilisi (GBC) - The governor of the country's central bank says that the NBG is managing the processes properly. According to her, sanctions were managed in a way that did not create problems for the financial sector, - Turnava told TV-rogram Business Partner, that the sanctions are mentioned in the country's risk factors, at international meetings.
There are specific precedents, however, investors, rating agencies, and interested groups have made sure that the processes are leading banks and the NBG in a way that does not damage the credibility of the system.
Speaking about the sanctions on Georgian resident individuals and legal entities, Turnava expressed hope for a reset of relations with Western partners. He also hopes that he will not see "sanctions that are flexible like a comb."
For the Acting President of the National Bank of Georgia, this is painful from the perspective of an ordinary citizen, she feels injustice. Turnava thinks that the sanctions are unjustified and regrets that those sanctioned have no way to justify themselves (the mechanism does not take into account). Speaking in his capacity as a supervisor, she noted that the country unwaveringly adheres to the sanctions.
Before Turnava, qualified and influential experts, politicians and lawyers explained in detail the mechanism, how detailed analysis and study are carried out for each case of sanctions.
No less, and much more, than for the American bank that opened a correspondent account in a Georgian bank. About which the Acting President of the National Bank of Georgia spoke about how important it is for the 3rd correspondent bank to enter the country.
This became possible more than a year after the opening of negotiations. And, he said, this confirms the reliability of Georgia's financial sector. The risks of a potential partner were assessed in such a way that the investment attractiveness was not damaged.
