President of the National Bank of Georgia Irakli Managadze announced on March 16, about suspending banking operations in the Adjara Autonomous Republic.

The National Bank withdrew license of the Batumi-based Maritime Bank. The Adjarian authorities made all the financial transactions exclusively via the Maritime Bank.

Irakli Managadze also said that all the branches of the commercial banks operating in Georgia were ordered to stop operating in the Autonomous Region.

The bank accounts of organizations linked to the Adjarian leadership have been frozen. 
 
The measure is the part of Georgia’s central government decision to impose economic blockade on defiant Adjarian leadership.