Historic Georgian Lari Tongan paʻanga

Georgian Lari tongan paʻanga history for February 2024. The highest quote for this month is 0.89967 (28/02/2024) and the lowest 0.88848 (14/02/2024). The difference between high and low is 1.24.

GEL TOP average rate for February 2024 is 0.88721, the change between 01/02/2024 and 29/02/2024 is -0.39 %.

01 February 20241 GEL = 0.8837 TOP
02 February 20241 GEL = 0.8813 TOP
03 February 20241 GEL = 0.8840 TOP
05 February 20241 GEL = 0.8882 TOP
06 February 20241 GEL = 0.8917 TOP
07 February 20241 GEL = 0.8968 TOP
08 February 20241 GEL = 0.8908 TOP
09 February 20241 GEL = 0.8769 TOP
12 February 20241 GEL = 0.8839 TOP
13 February 20241 GEL = 0.8839 TOP
14 February 20241 GEL = 0.8885 TOP
15 February 20241 GEL = 0.8884 TOP
16 February 20241 GEL = 0.8875 TOP
17 February 20241 GEL = 0.8882 TOP
19 February 20241 GEL = 0.8882 TOP
20 February 20241 GEL = 0.8817 TOP
21 February 20241 GEL = 0.8852 TOP
22 February 20241 GEL = 0.8897 TOP
23 February 20241 GEL = 0.8889 TOP
24 February 20241 GEL = 0.8880 TOP
26 February 20241 GEL = 0.8922 TOP
27 February 20241 GEL = 0.8967 TOP
28 February 20241 GEL = 0.8816 TOP
29 February 20241 GEL = 0.8872 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

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.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.
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