GEL to EGP
Currency conversion rates from GEL to EGP
|1 GEL||1 EGP|
|5 GEL||5 EGP|
|10 GEL||10 EGP|
|20 GEL||20 EGP|
|50 GEL||50 EGP|
|100 GEL||100 EGP|
|250 GEL||250 EGP|
|500 GEL||500 EGP|
|1000 GEL||1000 EGP|
|2000 GEL||2000 EGP|
|5000 GEL||5000 EGP|
|10000 GEL||10000 EGP|
|1 EGP||1 GEL|
|5 EGP||5 GEL|
|10 EGP||10 GEL|
|20 EGP||20 GEL|
|50 EGP||50 GEL|
|100 EGP||100 GEL|
|250 EGP||250 GEL|
|500 EGP||500 GEL|
|1000 EGP||1000 GEL|
|2000 EGP||2000 GEL|
|5000 EGP||5000 GEL|
|10000 EGP||10000 GEL|
EGP - Egyptian Pound (E£)
The official currency of Egypt is the Egyptian Pound (EGP). The symbol used for the EGP is E£ or in Arabic ( ج.م). The Egyptian Pound is subdivided into smaller currency denomination known as qirsh or millimes. 1 EGP = 100 qirsh = 1000 millemes.
The Egyptian Pound is the currency in Egypt (EG, EGY). The symbol for EGP can be written E. The Egyptian Pound is divided into 100 piasters or 1000 milliemes. The exchange rate for the Egyptian Pound was last updated on May 24, 2019 from Yahoo Finance. The EGP conversion factor has 4 significant digits.
- The Egyptian economy is becoming more market-orientated.
- The main industries are metal, tourism, chemicals, textiles, pharmaceuticals, light manufacturers, food processing, hydrocarbons, construction, and cement.
- Export products are petroleum and crude oil products, textiles, cotton, agricultural goods, metal products, and chemicals.
- Import products are wood products, fuels, chemicals, equipment, machinery, and food stuffs.
- Unemployment in the country is estimated at 9.7%.
- The yearly GDP growth is rated at 2.6%.
- The Egyptian Pound, also known as gineih, was replaced the Egyptian Piastre. The Piastre = 1/100 of a Pound. It was subdivided into 40 para.
- In 1885, the para was taken out of circulation and the piastre was subdivided into tenths. In 1916 the tenths were renamed millimes.
- Egypt used the gold standard from 1885 to 1914. 1 EGP = 7.4375 grams of gold. After the outbreak of World War I, Egypt moved to the British Pound and was part of the Sterling era until 1962. In the same year the EGP switched over to the US Dollar and was pegged at 1 EGP = 2.3 USD.
- In 1973, the peg was changed to the British Pound again.
- In 1989, the Pound floated; however, the Central Bank of Egypt tightly managed the control of foreign exchange.
- In 2005, the 1 Pound and 50 pastrie coins were introduced.
- In 2009, Egypt started phasing out 1 Pound and half-pound notes.
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.
- 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.
- 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.