Georgian Lari somali shilling history for March 2024. The highest quote for this month is 214.56 (12/03/2024) and the lowest 214.56 (12/03/2024). The difference between high and low is 0.
GEL SOS average rate for March 2024 is 214.4625, the change between 01/03/2024 and 31/03/2024 is -0.1 %.
| 01 March 2024 | 1 GEL = 214.4 SOS |
| 04 March 2024 | 1 GEL = 214.4 SOS |
| 05 March 2024 | 1 GEL = 214.4 SOS |
| 06 March 2024 | 1 GEL = 214.5 SOS |
| 07 March 2024 | 1 GEL = 214.5 SOS |
| 08 March 2024 | 1 GEL = 214.5 SOS |
| 11 March 2024 | 1 GEL = 214.5 SOS |
| 12 March 2024 | 1 GEL = 214.6 SOS |
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.
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.
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.