Georgian Lari – The Currency of Georgia (GEL)

Georgian Lari

Share This Post

The history of the Georgian Lari, issued by The Government of Georgia, Started in 1993. It was Called “Kuponi” and due to the political instability was undergoing massive inflation. The situation got so bad, that at one point 1 USD = 1 300 000 GEK (Georgian Kuponi). Things Changed when in 1995 The National Bank of Georgia, with the grant by President Eduard Shevardnadze replaced “Kupons” with “Lari”. The national gold treasury was created and the rate has massively stabilized. In 1995, DEC 31 1 USD = 1,24 Gel.

Through its years, Georgian Lari had its ups and downs. Nonetheless, it remained relatively stable and inflation very gradual and controlled. The Pandemic, non-surprisingly had its influence on Georgia’s economy.  Today as of writing (April 19th, 2021) the official rate of the Bank of Georgia is 1 USD = 3.42 GEL.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

القبول الجامعي في جورجيا
Studying in Georgia

Studying in Georgia | List of Majors 2024 | Admission Guarantee

Get your Admission now and start your studies in Georgia! The officially authorized representative for Georgia’s universities. With visa, accommodation, accommodation and legal coverage services.

Do You Want To Boost Your Business?

drop us a line and keep in touch

Learn how we helped 100 top brands gain success.

Let's have a chat