Currency Rate
Georgian Lari to USD
Our Currency Rate GEL latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the GEL. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
GEL 0.317339
Selling rate
GEL0.429334
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The Georgian lari (symbol: ₾; code: GEL) is the official currency of Georgia.
Currency Details
- Country code GE
- Symbol GEL
- ISO Code GEL
- Subunits 1 Lari = 100 Tetri
Coins
- 1 tetri
- 2 tetri
- 5 tetri
- 10 tetri
- 20 tetri
- 50 tetri
- 1 lari
- 2 lari
Banknotes
- 5 lari
- 10 lari
- 20 lari
- 50 lari
- 100 lari
The Georgian Lari, commonly abbreviated as GEL, is the official currency of Georgia. Known locally as "ლარი" (lari), the GEL is symbolized as "₾." Introduced in 1995, the Georgian lari replaced the Georgian coupon and has since been the country's primary currency.
History and Background
The Georgian Lari was introduced in 1995 after the country gained independence from the Soviet Union. It was named after the medieval Georgian currency called "lari."
Economic Significance
The GEL is integral to Georgia's economy, facilitating trade, investment, and economic development. Georgia has a diverse economy, with key sectors including agriculture, tourism, manufacturing, and services. The Georgian lari's value is influenced by various factors, including economic policies, international trade relations, and global market conditions.
Usage and Exchange
The GEL is widely accepted across Georgia for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Georgian lari is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Georgian Lari is more than just a currency; it is a symbol of Georgia's economic independence, cultural heritage, and national identity. Understanding the GEL is essential for anyone engaging with Georgia's dynamic economy, whether you are a resident or a visitor. The lari's stability and accessibility play a crucial role in the country's economic resilience and growth.
History and Background
The Georgian Lari was introduced in 1995 after the country gained independence from the Soviet Union. It was named after the medieval Georgian currency called "lari."
Economic Significance
The GEL is integral to Georgia's economy, facilitating trade, investment, and economic development. Georgia has a diverse economy, with key sectors including agriculture, tourism, manufacturing, and services. The Georgian lari's value is influenced by various factors, including economic policies, international trade relations, and global market conditions.
Usage and Exchange
The GEL is widely accepted across Georgia for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Georgian lari is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Georgian Lari is more than just a currency; it is a symbol of Georgia's economic independence, cultural heritage, and national identity. Understanding the GEL is essential for anyone engaging with Georgia's dynamic economy, whether you are a resident or a visitor. The lari's stability and accessibility play a crucial role in the country's economic resilience and growth.