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15% 10% 7.4% 5% 0% Russia Azerbaijan 25% 20% End-2020 ■Sep-21 Armenia 8.5% Kazakhstan GEORGIA VS REGION: FX, INFLATION, POLICY RATE INFLATION: GEORGIA AND PEERS Source: Statistic Offices 12.3% 10.2% 11.0% 8.9% 8.9% Belarus Ukraine Georgia Turkey Euro Azerbaijan Armenia 3.8% 0.2% 0.1% -1.5% Moldova CURRENCY VS. US$ Source: Bloomberg Note: +/-appreciation/depreciation period 1 January,2020 - 31 October 2021 Georgia Ukraine -10.3% -10.5% -11.7% -13.7% Kazakhstan 20% End-2020 Oct-21 19.6% 15% 0% 10% 5% Azerbaijan Armenia 7.00% 7.25% 7.50% Russia Russia Belarus -14.9% -61.4% Turkey MONETARY POLICY RATE: GEORGIA AND PEERS Source: Central Banks Ukraine Belarus 8.50% Kazakhstan 9.25% 9.75% 10.00% Georgia Turkey 16.00% 57

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