COU to GEL

COU - Colombian Real Value Unit (COU)
GEL - Georgian Lari ()
1 COU1 GEL

Currency conversion rates from COU to GEL

COUGEL
1 COU1 GEL
5 COU5 GEL
10 COU10 GEL
20 COU20 GEL
50 COU50 GEL
100 COU100 GEL
250 COU250 GEL
500 COU500 GEL
1000 COU1000 GEL
2000 COU2000 GEL
5000 COU5000 GEL
10000 COU10000 GEL
GELCOU
1 GEL1 COU
5 GEL5 COU
10 GEL10 COU
20 GEL20 COU
50 GEL50 COU
100 GEL100 COU
250 GEL250 COU
500 GEL500 COU
1000 GEL1000 COU
2000 GEL2000 COU
5000 GEL5000 COU
10000 GEL10000 COU

COU - ()

More information about COU - ()


GEL - Georgian Lari (GEL)

The Georgian lari is the official currency of the country of Georgia. It’s most commonly converted to the US dollar. The currency code for the lari is GEL, and its sign is ლ. The sign was introduced by the Governor of the National Bank of Georgia (NBG) in July 2014. It’s a three-quartered circle open in the lower-right-hand quadrant. It has two vertical parallel lines at its crest and rests on a platform the length of its diameter. It was conceived as part of a sign design contest that began in 2013. It was meant to be easy to construct and to be reminiscent of the Georgian alphabet.

The Lari is the basic monetary unit of Georgia. The word derives from an old native word meaning hoard. It is divided into 100 teri, the currency used in Georgia during the 13th century.

The Georgian Lari is the currency in Georgia (GE, GEO). The Georgian Lari is divided into 100 tetri. The exchange rate for the Georgian Lari was last updated on May 24, 2019 from Yahoo Finance. The GEL conversion factor has 5 significant digits.

Economy

  • The largest sector of the Georgian economy is the service industry, with wholesale and retail leading the sector.
  • Other industries include agriculture, mining, manufacturing, and fishing.
  • Georgia has become a leading producer of eggs and broiler chickens, as well as a primary producer of beef cattle, hogs, and milk.
  • Although Georgia was severely damaged economically by civil strife, the country has recovered with the help of the IMF and the World Bank.
  • Since 1995, Georgia has achieved positive GDP growth and has minimized inflation.

History

  • On October 2, 1995 the Georgian Lari became the official currency of Georgia.
  • It replaced the provisional coupon currency which was the kupon Lari, the currency that had replaced the Russian Ruble on April 5, 1993.
  • Eduard Shevardnadze’s government was in power during the establishment of the currency.
  • The coins in circulation are 1, 2, 5, 10, 20, and 50 tetri, and 1 and 2 Lari.
  • Commonly used banknotes are 5, 10, 20, and 50 Lari.
  • The 1, 2, 100, and 200 Lari banknotes are rarely used.

More information about GEL - Georgian Lari (GEL)