JPY to 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)

JPY - Japanese Yen (¥)

The Japanese yen, one of the strongest currencies in the world, is the official currency of Japan. It is the third most traded currency and is also used as a reserve currency for the British pound sterling and the US dollar. It is a fiat currency.

The Japanese Yen is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States Dollar and the Euro. The Japanese Yen is also widely used as a reserve currency after the US Dollar, Euro, and British Pound.

The Japanese Yen is the currency in Japan (JP, JPN, JAP). The Japanese Yen is divided into 100 sen. The exchange rate for the Japanese Yen was last updated on Today from The International Monetary Fund. The JPY conversion factor has 6 significant digits.

Economy

• Japan has a strong industrial base and is home to some of the biggest and most technologically advanced producers of motor vehicles, electronics, machinery, steel and nonferrous metals, ships, chemicals, textiles, and processed foods.
• Agricultural enterprises use 13 per cent of the land, and Japan accounts for nearly 15 percent of the global fish catch, second only to China.
• As of 2010, Japan’s labor force consisted of about 65.9 million workers. Japan has a low unemployment rate of around 4%.
• In 2007 almost one in six, or 20 million, Japanese people were living in poverty.
• Housing in Japan is subject to the limited supply of available land in urban areas.

History

• The Japanese Yen was officially adopted by the Meiji government on May 10, 1871. The new currency was gradually introduced from July of that year.
• The Tokugawa Japanese Yen currency replaced a complex monetary system of the Edo period based on the mon.
• The yen, basically a unit of the United States Dollar, originated like all Dollars from Spanish pieces of eight.

More information about JPY - Japanese Yen (¥)