Interest Rates on Timed Deposits (CDs) in Republic of Georgia

http://www.republic.ge/index.php?sec_id=460&lang_id=ENG

The above links to Bank Republic, one of many stable banks in the Republic of Georgia.

Interests rates are 7.5% for 3 months terms, and 10% for 12 months terms in Georgian Lari. In USD it is 5% and 7% respectively. The currency rate has been solid for years, and the inflation rate is below 2%. Growth is anemic by Georgian standards, 6% to 8% depending upon the numbers, due to high costs of capital. The interest rates on loans to favored companies is 24%, thus the high interest rates on deposits.

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The goal of the “Find a Free Country Project” is to research, explore and find a safe and secure free country outside the USA, that is not too large, has a relatively open immigration policy, has a friendly business climate, has a non-intrusive government committed to freedom, and then move to it.

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