GEL to STD

GEL - Georgian Lari ()
STD - São Tomé and Príncipe dobra (Db)
1 GEL1 STD

Currency conversion rates from GEL to STD

GELSTD
1 GEL1 STD
5 GEL5 STD
10 GEL10 STD
20 GEL20 STD
50 GEL50 STD
100 GEL100 STD
250 GEL250 STD
500 GEL500 STD
1000 GEL1000 STD
2000 GEL2000 STD
5000 GEL5000 STD
10000 GEL10000 STD
STDGEL
1 STD1 GEL
5 STD5 GEL
10 STD10 GEL
20 STD20 GEL
50 STD50 GEL
100 STD100 GEL
250 STD250 GEL
500 STD500 GEL
1000 STD1000 GEL
2000 STD2000 GEL
5000 STD5000 GEL
10000 STD10000 GEL

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)


STD - São Tomé & Príncipe Dobra (1977–2017) (STD)

São Tomé & Príncipe Dobra (1977–2017)

Sao Tome and Principe are two small Portuguese-speaking islands approximately 140 kilometers apart in the Gulf of Guinea. The Dobra is the official currency of the islands and is represented by the symbol Db. The Dobra was pegged to the Euro in 2010 at a stable rate of 1 Euro = 24,500 STD.

The Sao Tome Dobra is the currency in Sao Tome and Principe (ST, STP). The symbol for STD can be written Db. The Sao Tome Dobra is divided into 100 centimos. The exchange rate for the Sao Tome Dobra was last updated on May 24, 2019 from Yahoo Finance. The STD conversion factor has 5 significant digits.

Economy

  • Economic development in Sao Tome and Principe has been adversely affected by factors such as government decisions and natural disasters, as well as lack of resources.
  • Cocoa has been the main contributor to economic development in Sao Tome and Principe for the past 34 years. However, this has been affected by disasters such as drought. Bananas, fish, cinnamon, beans, and poultry also contribute to agricultural production, but it does not meet the needs of the consumers.
  • Modern economic development has been geared towards developing the large amount of oil said to be present in the Gulf of Guinea.
  • The majority of manufactured goods are imported.
  • The authorities have tried to decrease price controls and grants, but monetary development has remained inactive.

History

  • The Escudo was replaced by the Dobra at a rate of 1:1.
  • In 1996, banknotes were issued in denominations of 5,000, 10,000, 20,000 and 50,000 dobras.
  • In 1997, coins were issued in denominations of 50 cêntimos, 1, 2, 5, 10 and 20 dobras.
  • In 1997, banknotes were issued in denominations of 50, 100, and 1,000 dobra.
  • In 2008, 10,000 dobra banknotes were issued.
  • In 2010, the Dobra was officially pegged to the Euro at a stable rate of 1 Euro = 24,500 STD.

More information about STD - São Tomé & Príncipe Dobra (1977–2017) (STD)