Historic Georgian Lari Burundian Franc

Georgian Lari burundian franc history for December 2023. The highest quote for this month is 1063.8 (12/12/2023) and the lowest 1060.41 (12/12/2023). The difference between high and low is 0.32.

GEL BIF average rate for December 2023 is 1056.42292, the change between 01/12/2023 and 31/12/2023 is -0.79 %.

01 December 20231 GEL = 1046.84 BIF
02 December 20231 GEL = 1050.67 BIF
04 December 20231 GEL = 1047.52 BIF
05 December 20231 GEL = 1052.42 BIF
06 December 20231 GEL = 1052.65 BIF
07 December 20231 GEL = 1054.80 BIF
08 December 20231 GEL = 1059.95 BIF
11 December 20231 GEL = 1061.90 BIF
12 December 20231 GEL = 1064.17 BIF
13 December 20231 GEL = 1058.79 BIF
14 December 20231 GEL = 1058.44 BIF
15 December 20231 GEL = 1057.59 BIF
16 December 20231 GEL = 1059.73 BIF
18 December 20231 GEL = 1061.63 BIF
19 December 20231 GEL = 1059.10 BIF
20 December 20231 GEL = 1059.43 BIF
21 December 20231 GEL = 1057.79 BIF
22 December 20231 GEL = 1057.05 BIF
23 December 20231 GEL = 1057.50 BIF
25 December 20231 GEL = 1055.08 BIF
26 December 20231 GEL = 1054.73 BIF
27 December 20231 GEL = 1056.03 BIF
28 December 20231 GEL = 1055.18 BIF
29 December 20231 GEL = 1055.16 BIF

13/03/2020: COVID-19 Impact

The outbreak of the COVID-19 pandemic caused global economic uncertainty, leading to a decline in the value of the Georgian Lari and affecting the country's financial stability.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

25/01/2016: Currency Restructuring

The National Bank of Georgia implemented currency restructuring measures to stabilize the value of the Lari and restore confidence in the national currency.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

10/03/2011: Lari Depreciation

The Georgian Lari experienced a sharp depreciation, reaching a record low against the U.S. dollar, due to various economic factors and a global financial crisis.

13/08/2008: Russian Invasion

During the Russo-Georgian War, the Georgian Lari faced significant devaluation due to the economic and political instability caused by the invasion.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

01/01/2002: Euro Conversion Rate

The conversion rate of 1 Euro = 1936.27 GEL was fixed, as Georgia adopted the Euro as its main reference currency.

27/04/1999: Introduction of New Lari

The New Lari was introduced as the second and current official currency of Georgia, replacing the old Lari at a rate of 1 New Lari = 1,000 old Lari.

25/07/1995: Introduction of the Lari

The Georgian Lari was introduced as the official currency of Georgia, replacing the Russian ruble at a rate of 1 Lari = 1 million rubles.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.
GEL BIF July 2023
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