The Celery #1: The Pilot - The Georgian Champion

The Georgian Lari has depreciated by 18.18% in value against the U.S. Dollar (USD) in the three months between November 2014 and February 2015.

Georgia's former Prime Minister, Bidzina Ivanishvili, who happens to be the richest man in the country, stated in several interviews that the Lari depreciation is a normal process and the Georgian Lari is a healthy and adequate currency.

According to Forbes, Bidzina Ivanishvili has a net worth of 5,200,000,000 USD. By our calculations, if he had his money saved in Lari, his net worth would have decreased by 800,000,000 USD during these three months.

You can see how the Lari depreciation has affected your net worth, too, using JumpStart’s Winter 2014-2015
Lari Depreciation Calculator.

• Organization: JumpStart Georgia
• Reporter: JumpStart Georgia
• Designer: Ia Ninoshvili (JumpStart Georgia)
• Data Source:
  • National Bank of Georgia; Forbes
• Language: English, ქართული
• Category: Economy / Business, Society
• Type: Comic