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MYB
MYB
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GEL
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About Georgian Lari (GEL)

The Georgian Lari (GEL), introduced in 1995, is more than just the official currency of Georgia; it's a symbol of the country's resilience, sovereignty, and economic evolution. It is commonly abbreviated as GEL and represented by the symbol ₾. Emerging from the shadows of the Soviet Union, Georgia's adoption of the Lari marked a significant step towards establishing a distinct national identity and economic independence.

Historical Background

The introduction of the Lari came at a crucial juncture in Georgia's history. Following the dissolution of the Soviet Union in 1991, Georgia underwent a period of severe economic crisis and political instability. The introduction of the Lari on September 25, 1995, replaced the provisional Coupon currency and symbolized a new beginning for the Georgian economy.

Design and Symbolism

The design of the Georgian Lari reflects the country's rich cultural heritage and history. The banknotes and coins feature prominent Georgian figures from various epochs, important architectural landmarks, and traditional ornamental patterns. These designs serve not only as a medium for economic transactions but also as a celebration of Georgia's identity and pride.

Economic Role

As the primary medium of exchange in Georgia, the Lari underpins all economic activities. Georgia's economy, characterized by its agricultural sector, burgeoning tourism industry, and growing services sector, relies on the stability and value of the Lari. The currency facilitates domestic and international trade, playing a critical role in the country’s economic development.

Monetary Policy and Inflation

The National Bank of Georgia, the country's central bank, is responsible for regulating the Lari. Monetary policies focus on maintaining price stability, controlling inflation, and ensuring a stable financial system. These measures are crucial for bolstering investor confidence and sustaining economic growth.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
₾0.0005071
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$156.6269688
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0 MYB

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0.5 MYB
0.0002536
1 MYB
0.0005071
5 MYB
0.002536
10 MYB
0.005071
50 MYB
0.02536
100 MYB
0.05071
500 MYB
0.2536
1000 MYB
0.5071

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0.5GEL985.99  MYB
1GEL1,971.98  MYB
5GEL9,859.88  MYB
10GEL19,719.76  MYB
50GEL98,598.8  MYB
100GEL197,197.6  MYB
500GEL985,987.99  MYB
1000GEL1,971,975.99  MYB

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0.5 MYB$0.{4}9271$0.{4}9188
+0.90%
1 MYB$0.0001854$0.0001838
+0.90%
5 MYB$0.0009271$0.0009188
+0.90%
10 MYB$0.001854$0.001838
+0.90%
50 MYB$0.009271$0.009188
+0.90%
100 MYB$0.01854$0.01838
+0.90%
500 MYB$0.09271$0.09188
+0.90%
1000 MYB$0.1854$0.1838
+0.90%

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0.5 MYB$0.{4}9271$0.0001052
-11.88%
1 MYB$0.0001854$0.0002104
-11.88%
5 MYB$0.0009271$0.001052
-11.88%
10 MYB$0.001854$0.002104
-11.88%
50 MYB$0.009271$0.01052
-11.88%
100 MYB$0.01854$0.02104
-11.88%
500 MYB$0.09271$0.1052
-11.88%
1000 MYB$0.1854$0.2104
-11.88%

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0.5 MYB$0.{4}9271$0.{4}9070
+2.21%
1 MYB$0.0001854$0.0001814
+2.21%
5 MYB$0.0009271$0.0009070
+2.21%
10 MYB$0.001854$0.001814
+2.21%
50 MYB$0.009271$0.009070
+2.21%
100 MYB$0.01854$0.01814
+2.21%
500 MYB$0.09271$0.09070
+2.21%
1000 MYB$0.1854$0.1814
+2.21%

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