About the Georgian Lari
The Lari was introduced in 1995, replacing the provisional coupon currency that was used after Georgia's independence from the Soviet Union.
The word 'Lari' is an old Georgian word meaning 'hoard' or 'property', while 'tetri' means 'white' and was the name of a 13th-century Georgian silver coin.
Interesting Facts
Ancient Words for Money
The currency's name 'Lari' is an old word for a hoard or treasure, and the subunit 'Tetri' means 'white', from an ancient silver coin.
Unique Lari Symbol
The symbol for the Lari, ₾, is based on an arched letter from the unique Georgian alphabet.
Crossroads of Europe and Asia
The Georgian economy is influenced by its strategic location, with trade, tourism, and remittances being key factors for the Lari's value.
Historical Timeline
Georgia declares independence from the Soviet Union.
The coupon currency is introduced to replace the Russian Ruble.
The Lari is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- GEL
- Symbol
- ₾
- Numeric Code
- 981
- Subunit
- Tetri (1/100)
- Introduced
- 1995-10-02
Central Bank
- Name
- National Bank of Georgia
- Headquarters
- Tbilisi, Georgia
- Founded
- 1919
- Current Governor
- Natia Turnava (Acting) (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 0.7%
- Interest Rate
- 8.00%
Exchange Rates
What Affects the GEL Exchange Rate?
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