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Georgia’s political crisis, stirred up by the government’s determination to adopt a ‘foreign agents’ law, is experiencing a lull. But the country’s economy is reeling from events of the past two months. The government’s shift away from the West is worrying investors and is sending the value of the national currency downward. The national currency, the lari, has lost more than 6 percent of its value since the beginning of the year, hitting its lowest value since 2022. Since passage of the ‘foreign agents’ law, the national bank has sold off more than $160 million in reserves to help prop up the…

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