Georgian Lari lebanese pound exchange rate history (GEL LBP) December 2023

Georgian Lari lebanese pound history for December 2023. The highest quote for this month is 5649.55 (18/12/2023) and the lowest 5637.35 (11/12/2023). The difference between high and low is 0.22.

GEL LBP average rate for December 2023 is 5607.94208, the change between 01/12/2023 and 31/12/2023 is -1.07 %.

01 December 2023	1 GEL = 5556.49 LBP
02 December 2023	1 GEL = 5570.82 LBP
04 December 2023	1 GEL = 5572.10 LBP
05 December 2023	1 GEL = 5612.96 LBP
06 December 2023	1 GEL = 5588.84 LBP
07 December 2023	1 GEL = 5610.52 LBP
08 December 2023	1 GEL = 5603.22 LBP
11 December 2023	1 GEL = 5646.93 LBP
12 December 2023	1 GEL = 5642.49 LBP
13 December 2023	1 GEL = 5629.45 LBP
14 December 2023	1 GEL = 5631.45 LBP
15 December 2023	1 GEL = 5604.98 LBP
16 December 2023	1 GEL = 5614.61 LBP
18 December 2023	1 GEL = 5642.56 LBP
19 December 2023	1 GEL = 5614.54 LBP
20 December 2023	1 GEL = 5615.22 LBP
21 December 2023	1 GEL = 5615.98 LBP
22 December 2023	1 GEL = 5600.78 LBP
23 December 2023	1 GEL = 5601.61 LBP
25 December 2023	1 GEL = 5605.39 LBP
26 December 2023	1 GEL = 5603.51 LBP
27 December 2023	1 GEL = 5597.21 LBP
28 December 2023	1 GEL = 5592.84 LBP
29 December 2023	1 GEL = 5616.11 LBP

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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

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.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

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.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

Historic Georgian Lari Lebanese pound