Georgian Lari Touches Two-Year Low After Clashes Between Police and Protestors
This article is for subscribers only.
Georgia’s lari fell to the weakest level against the dollar in two years after a decision by the ruling party to delay talks on European Union membership triggered violent clashes in the capital city.
Law enforcement deployed water canon and tear gas to clear protesters from the main avenue in Tbilisi in a fourth night of protests that started last week after Georgian Dream announced that it will push back talks with the EU until 2028. Demonstrators used fireworks and built barricades, while police said 224 people had been detained.