GEL to ETB
Currency conversion rates from GEL to ETB
|1 GEL||1 ETB|
|5 GEL||5 ETB|
|10 GEL||10 ETB|
|20 GEL||20 ETB|
|50 GEL||50 ETB|
|100 GEL||100 ETB|
|250 GEL||250 ETB|
|500 GEL||500 ETB|
|1000 GEL||1000 ETB|
|2000 GEL||2000 ETB|
|5000 GEL||5000 ETB|
|10000 GEL||10000 ETB|
|1 ETB||1 GEL|
|5 ETB||5 GEL|
|10 ETB||10 GEL|
|20 ETB||20 GEL|
|50 ETB||50 GEL|
|100 ETB||100 GEL|
|250 ETB||250 GEL|
|500 ETB||500 GEL|
|1000 ETB||1000 GEL|
|2000 ETB||2000 GEL|
|5000 ETB||5000 GEL|
|10000 ETB||10000 GEL|
ETB - Ethiopian Birr (Br)
The official currency of Ethiopia is the Ethiopian Birr (ETB). The Ethiopian Birr is subdivided into santim; 100 santim = 1 ETB. Br is the symbol used for the Birr. The Nigerian Naira is rated the most-used currency in Africa, the Birr is rated second.
The Ethiopian Birr is the currency in Ethiopia (ET, ETH). The Ethiopian Birr is also known as Birrs. The symbol for ETB can be written Br. The Ethiopian Birr is divided into 100 cents. The exchange rate for the Ethiopian Birr was last updated on May 24, 2019 from Yahoo Finance. The ETB conversion factor has 3 significant digits.
- Ethiopia’s economy is mainly based on the agricultural industry, which forms 80% of the yearly GDP.
- There are no private businesses and no patent laws apply in Ethiopia.
- Unemployment rate among youth is estimated at 70%.
- The main industries are metals, cement, textiles, food processing, and cement.
- Export products are leather, oilseeds, coffee, flowers, gold, qat, and live animals.
- Import products are motor vehicles, textiles, cereals, petroleum, food, and chemicals.
- During the 18th and 19th centuries the currency for Ethopia was the Maria Theresa Taler, also known as the Birr, which means silver. The Taler became the official coin in 1855, but the Indian Rupee and the Mexican Dollar were used for foreign trading.
- In 1893, the Birr was introduced as the standard unit. It was subdivided into 20 girsch.
- A new range of Ethiopian coins appeared in 1903.
- The Bank of Ethiopia was formed in 1931. At that time the Birr became equal to the mentonnyas. 1 Birr = 100 metonnyas.
- During the mid 1930s the currencies circulated were the Birr and the Talari.
- From 1936 to 1941 Italy occupied Ethopia and the Italian Lira was used.
- In 1945, the second Birr was introduced; 2 schillings = 1 birr.
- In 1976, the Birr was made the official currency.
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.