The monetary unit of Georgia is called lari (put into circulation in 1995), which, in turn, is divided into one hundred Tetri. The international currency code is GEL.
Short story
The modern monetary unit of Georgia has becomeofficial in the country in the presidency of E. Shevardnadze, namely since 1995. The symbol of the national currency was introduced on July 8, 2014. The basis for the design of the symbol was the letter of the Georgian alphabet ლ (l).
In circulation on the territory of the country there are both paper banknotes of lari and metal coins. Below the article will separately consider bills and coins.
Coins
In Georgia, the basic monetary unit of lariis used most often in the form of paper bills, but there are coins with a face value of one and two lari. Most of the metal coins are still less than the lari. In circulation there are coins in one tetry, two, five, ten, twenty and fifty tetri.
All Tetri coins were first minted and put into circulation in 1995. They are still used for payment. Coins for circulation in Georgia are minted at the mint in Paris.
Coins with a face value of one to twenty tetriare made of stainless steel, and 50 tetri from the alloy of copper, nickel and aluminum. Georgia also has jubilee coins issued by the National Bank. They are produced both from precious metals (gold, silver), and from non-precious metals, which include cupronickel and neisilber.
Banknotes
The monetary unit of Georgia in the form of paper billsbegan to be used simultaneously with coins. There are two series of Georgian lari: old and new. The old version was released in 1995 to 2006, is in circulation to this day. On banknotes of this series, the nominal value is registered in Georgian as well as in English. In the course of the bills one, two, five, ten, twenty, fifty, one hundred and two hundred lari. In a limited circulation there were also bills of 500 GEL.
In 2016 a series of banknotes with a new design was issued. The exterior was changed from twenty, fifty and one hundred lari bills.
The monetary unit of Georgia. Rate to ruble and other currencies
Georgian currency is much more expensiveRussian ruble in the international currency market. So, the currency of Georgia to the ruble is estimated at approximately 23 and a half ruble, therefore, for one ruble you will receive about 0.04 laris.
As for the other currencies, for one eurogive approximately 2.7 laris. The figure, of course, is approximate, since the quotes of currencies are constantly changing due to the cyclical nature and volatility of the foreign exchange market. For one American dollar is given about 2.5 lari, respectively, one lari is estimated at about $ 0.4.
The monetary unit of Georgia is not very popular oninternational market. This is due to the fact that Georgia does not have a strong economy, through it there are quite a few international trade transactions, and tourism, although developed, but the country is not included in the list of leaders in this industry.
Exchange transactions. Conclusion
A tourist who wants to visit this Caucasiancountry, you need to first find out everything that concerns the financial side. A Russian citizen going to Georgia has nothing to worry about, since in the republic you can easily exchange Russian rubles for lari. This can be done almost everywhere: at the airport, hotel, bank or exchange office.
Georgian companies engaged in currency exchangeand other financial operations, are pleased to work with the currency of the Russian Federation. Visitors from Russia in the country quite a lot. In addition, many Georgians study and work in Russia, and money transfers are sent to their homeland, so the flow of Russian money to Georgia is quite high. But as for the exchange of Russian rubles in lari in Russia itself, then it will be much more problematic, since it is almost impossible to find a place where such an exchange operation can be made. With the Georgian currency, except in the border towns of the Caucasus, they do not work everywhere.
In addition to the Russian currency, Georgia does not appeardifficulties with the exchange of dollars and euros, but the remaining banknotes can be quite problematic to exchange. The country also operates with Armenian currency, Turkish lira, British pounds and some other currencies.
Georgia is a fascinating country with a beautifulmountain nature and centuries-old history, so many people will be interested to visit it. Russian citizens were lucky little more than residents of some other countries, because there will be no difficulties with the exchange of money. Thanks to this, a newcomer has a number of problems associated with this.
Going to any country, you need to carefullythink over all your actions to exclude the possibility of any difficulties. Currency exchange is one of the most important issues to which one should pay attention, because no one wants to be in a foreign country without money, more precisely with money that is not used in the territory of this state.
