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LOCAL CURRENCY IN GEORGIA

Want to know how much is your money worth in Georgia? The local currency in Georgia is called Lari.

The Georgian Lari is issued and managed by the National Bank of Georgia. To find out the current currency exchange rates for Lari to other major currencies of the world, click on foreign currency rates.

Georgian Currency Information
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The currency used in Georgia is called as the Lari. This currency is denoted with the currency sign and the ISO 4217 Code for the Georgian Lari is GEL. The Lari, is the official currency of the Georgia . It is divided into 100 smaller units called tetri.

The constitution of Georgia provides that the Georgia government shall have the power to print the Georgian Lari and tetri coins to be used as a legal tender in Georgia. The Georgian Lari bank notes and Tetri coins are both designated as "legal tender" in payment of debts.

The Georgian Lari bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Georgian Lari.

Currently printed bank notes denominations are 5, 10, 20, 50 lari 1, 2, 100, 200 lari and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50 tetri, 1, 2 lari .

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How Does Balance of Trade and Investment Affect the Value of the Georgian Lari
Financial analysts regularly cite the balance of trade and investment in Georgia as the most important influence on the value of the Lari. The difference between what the Georgia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Lari exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Lari exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Georgian Lari.
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