Historic Georgian Lari Lebanese pound

Georgian Lari lebanese pound history for November 2023. The highest quote for this month is 5584.29 (14/11/2023) and the lowest 5579.32 (18/11/2023). The difference between high and low is 0.09.

GEL LBP average rate for November 2023 is 5560.95, the change between 01/11/2023 and 30/11/2023 is -0.05 %.

01 November 20231 GEL = 5559.88 LBP
06 November 20231 GEL = 5499.48 LBP
07 November 20231 GEL = 5560.56 LBP
08 November 20231 GEL = 5578.07 LBP
09 November 20231 GEL = 5565.05 LBP
10 November 20231 GEL = 5566.28 LBP
13 November 20231 GEL = 5555.67 LBP
14 November 20231 GEL = 5584.29 LBP
15 November 20231 GEL = 5580.15 LBP
16 November 20231 GEL = 5574.55 LBP
17 November 20231 GEL = 5573.93 LBP
18 November 20231 GEL = 5579.32 LBP
20 November 20231 GEL = 5549.60 LBP
21 November 20231 GEL = 5582.01 LBP
22 November 20231 GEL = 5568.55 LBP
23 November 20231 GEL = 5545.28 LBP
27 November 20231 GEL = 5528.97 LBP
28 November 20231 GEL = 5552.88 LBP
29 November 20231 GEL = 5551.65 LBP
30 November 20231 GEL = 5562.83 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.