GEL · GEL
Georgian Lari (GEL)
The Georgian Lari (GEL) is the official currency of Georgia. Introduced in 1995, it replaced the temporary coupon currency. The Lari is issued by the National Bank of Georgia and is subdivided into 100 tetri.
Convert this currency
Converted amount
0.3828 USD
Exchange rate
1 GEL = 0.382804 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
GEL · Georgian Lari
Georgian Lari (GEL): Overview and History
The Georgian Lari (GEL) has been the official currency of Georgia since October 1995, when it replaced the provisional coupon currency that was used during the early post-Soviet period. The name 'lari' is derived from an old Georgian word denoting 'hoard' or 'property', while 'tetri', the subunit, means 'white' in reference to silver coins used historically. The currency is managed by the National Bank of Georgia, which oversees its issuance and monetary policy.
The Lari was introduced to stabilize the economy after a period of hyperinflation and economic turmoil. Over the years, it has undergone various reforms, including the introduction of new banknote series to enhance security and durability. The currency is freely convertible, and its exchange rate is determined by market forces, though the central bank may intervene to smooth excessive fluctuations.
Today, the Lari is used in all transactions within Georgia, and its stability is crucial for the country's economic growth and integration into global markets. As with any currency, its value can be affected by domestic and international economic factors, including political stability, trade balances, and global commodity prices. For the most current information, it is advisable to consult official sources such as the National Bank of Georgia.
- Code
- GEL
- Symbol
- GEL
- Current rate
- USD / GEL
Currency information
Last updated · 8/7/2026
Introduced on October 2, 1995, replacing the Georgian coupon.
- Official name
- Georgian Lari
- Legal tender status
- Legal tender in Georgia
- Decimal places
- 2
- Minor unit
- tetri · 1 GEL = 100 tetri
- Countries
- Georgia
- Issuing authority
- National Bank of Georgia
- Central bank
- National Bank of Georgia · Official website
- Exchange-rate regime
- Floating (managed float)
Common banknotes
₾5 · ₾10 · ₾20 · ₾50 · ₾100 · ₾200
Common coins
1 tetri · 2 tetri · 5 tetri · 10 tetri · 20 tetri · 50 tetri · ₾1 · ₾2
Also known as
Lari · Georgian Lari · GEL · ₾
Practical notes
- The lari is divided into 100 tetri.
- Banknotes are issued in denominations of 5, 10, 20, 50, 100, and 200 lari.
Priority currency pairs
The most useful conversions for this currency.
Georgian Lari questions
What is the GEL exchange rate?
The displayed rate is the latest available reference rate for USD/GEL. It can change throughout the day.
How can I convert GEL online?
Use the converter above to calculate indicative amounts between GEL and the other supported currencies.