GEL to CRC

CRC - Costa Rican Colón (₡)

Costa Rican Colón

The Costa Rican Colon (CRC) is the currency of Costa Rica. The symbol for the Colon is ₡; the currency is subdivided into 100 centimos. Many places in Costa Rica accept the US Dollar unofficially. The name of the Colon is derived from the Spanish explorer Christopher Columbus (Cristobal Colon in Spanish).

The Costa Rican Colon is the currency in Costa Rica (CR, CRI). The symbol for CRC can be written C. The Costa Rican Colon is divided into 100 centimos. The exchange rate for the Costa Rican Colon was last updated on May 24, 2019 from Yahoo Finance. The CRC conversion factor has 5 significant digits.

Economy

• Costa Rica’s main income is from agriculture, tourism, and electronics.
• The service industry accounts for 68% of the country’s GDP.
• The main industries are textiles, clothing, plastic products, food processing, fertilizer, microprocessors, construction material, and medical equipment.
• Export products are coffee, bananas, sugar, seafood, medical equipment, ornamental plants, electronics, and pineapples.
• Import products are consumer goods, petroleum, raw as well as construction materials, and capital equipment.
• The unemployment rate is 7.8%.
• GDP growth is currently ~-1%.

History

• In 1896, the Costa Rican Peso was replaced by the Costa Rican Colon.
• In 1897, new coins were issued.
• Between 1917 and 1919, a subunit, the centavo, was introduced at 1/100 of a Colon. The country issued 5 centavos and 10 centavos in place of centimos. During that time 50 centavo coins were minted but never distributed.
• From 1914 to 1938, the International Bank of Costa Rica issued and distributed 5, 10, 20, 50, and 100 Colones notes. In the same period the National Bank of Costa Rica became the official bank for issuing paper money; they printed notes from 1937 to 1949.
• During the 1950s the Central Bank of Costa Rica started issuing banknotes.
• In 1958, the Central Bank added 1,000 colon notes to the range.
• In 2010, Costa Rican Colon notes were replaced by a new issue.

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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.

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