PHONON to GEL Converter and calculator


Conversion rates
Convert PHONON to GEL
Convert GEL to PHONON
PHONON to GEL chart
PHONON to GEL conversion data: Volatility and price changes of Phonon DAO in GEL
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0006501 GEL | 0.0008187 GEL | 0.0009996 GEL | 0.001043 GEL |
Low | 0.0006278 GEL | 0.0004702 GEL | 0.0004702 GEL | 0.{4}4595 GEL |
Average | 0 GEL | 0 GEL | 0 GEL | 0 GEL |
Volatility | % | % | % | % |
Change | +0.40% | -6.13% | +8.87% | +0.48% |
Phonon DAO information
PHONON to GEL market statistics
Current PHONON to GEL exchange rate
Phonon DAO to Georgian Lari is falling this week.More info about Phonon DAO on Bitget
Georgian Lari information
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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PHONON to GEL Conversion tables
Amount | 15:19 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 PHONON | ₾0 | ₾-0.{5}1257 | +0.40% |
1 PHONON | ₾0 | ₾-0.{5}2515 | +0.40% |
5 PHONON | ₾0 | ₾-0.{4}1257 | +0.40% |
10 PHONON | ₾0 | ₾-0.{4}2515 | +0.40% |
50 PHONON | ₾0 | ₾-0.0001257 | +0.40% |
100 PHONON | ₾0 | ₾-0.0002515 | +0.40% |
500 PHONON | ₾0 | ₾-0.001257 | +0.40% |
1000 PHONON | ₾0 | ₾-0.002515 | +0.40% |
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