Historic Georgian Lari Ugandan Shilling

Georgian Lari ugandan shilling history for February 2024. The highest quote for this month is 1479.82 (27/02/2024) and the lowest 1479.05 (26/02/2024). The difference between high and low is 0.05.

GEL UGX average rate for February 2024 is 1447.76667, the change between 01/02/2024 and 29/02/2024 is -4.1 %.

01 February 20241 GEL = 1409.78 UGX
02 February 20241 GEL = 1415.93 UGX
03 February 20241 GEL = 1431.17 UGX
05 February 20241 GEL = 1433.32 UGX
06 February 20241 GEL = 1426.02 UGX
07 February 20241 GEL = 1426.83 UGX
08 February 20241 GEL = 1427.96 UGX
09 February 20241 GEL = 1434.47 UGX
12 February 20241 GEL = 1441.62 UGX
13 February 20241 GEL = 1445.13 UGX
14 February 20241 GEL = 1447.42 UGX
15 February 20241 GEL = 1450.97 UGX
16 February 20241 GEL = 1451.78 UGX
17 February 20241 GEL = 1467.87 UGX
19 February 20241 GEL = 1455.29 UGX
20 February 20241 GEL = 1455.55 UGX
21 February 20241 GEL = 1456.98 UGX
22 February 20241 GEL = 1458.68 UGX
23 February 20241 GEL = 1458.90 UGX
24 February 20241 GEL = 1462.43 UGX
26 February 20241 GEL = 1471.67 UGX
27 February 20241 GEL = 1479.33 UGX
28 February 20241 GEL = 1469.77 UGX
29 February 20241 GEL = 1467.53 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.
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