Georgian Lari ugandan shilling exchange rate history (GEL UGX) December 2023

Georgian Lari ugandan shilling history for December 2023. The highest quote for this month is 1422.11 (16/12/2023) and the lowest 1422.11 (16/12/2023). The difference between high and low is 0.

GEL UGX average rate for December 2023 is 1400.48875, the change between 01/12/2023 and 31/12/2023 is +0.17 %.

01 December 2023	1 GEL = 1399.44 UGX
02 December 2023	1 GEL = 1416.59 UGX
04 December 2023	1 GEL = 1397.89 UGX
05 December 2023	1 GEL = 1399.16 UGX
06 December 2023	1 GEL = 1398.59 UGX
07 December 2023	1 GEL = 1395.68 UGX
08 December 2023	1 GEL = 1399.43 UGX
11 December 2023	1 GEL = 1404.18 UGX
12 December 2023	1 GEL = 1416.05 UGX
13 December 2023	1 GEL = 1412.31 UGX
14 December 2023	1 GEL = 1406.89 UGX
15 December 2023	1 GEL = 1396.62 UGX
16 December 2023	1 GEL = 1422.11 UGX
18 December 2023	1 GEL = 1403.29 UGX
19 December 2023	1 GEL = 1396.97 UGX
20 December 2023	1 GEL = 1393.47 UGX
21 December 2023	1 GEL = 1389.84 UGX
22 December 2023	1 GEL = 1388.12 UGX
23 December 2023	1 GEL = 1418.81 UGX
25 December 2023	1 GEL = 1391.54 UGX
26 December 2023	1 GEL = 1390.14 UGX
27 December 2023	1 GEL = 1390.92 UGX
28 December 2023	1 GEL = 1386.61 UGX
29 December 2023	1 GEL = 1397.08 UGX

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

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.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

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.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

Historic Georgian Lari Ugandan Shilling