PYG to GEL

PYG - Paraguayan Guarani (Gs.)
GEL - Georgian Lari ()
1 PYG1 GEL

Currency conversion rates from PYG to GEL

PYGGEL
1 PYG1 GEL
5 PYG5 GEL
10 PYG10 GEL
20 PYG20 GEL
50 PYG50 GEL
100 PYG100 GEL
250 PYG250 GEL
500 PYG500 GEL
1000 PYG1000 GEL
2000 PYG2000 GEL
5000 PYG5000 GEL
10000 PYG10000 GEL
GELPYG
1 GEL1 PYG
5 GEL5 PYG
10 GEL10 PYG
20 GEL20 PYG
50 GEL50 PYG
100 GEL100 PYG
250 GEL250 PYG
500 GEL500 PYG
1000 GEL1000 PYG
2000 GEL2000 PYG
5000 GEL5000 PYG
10000 GEL10000 PYG

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)


PYG - Paraguayan Guarani ()

Paraguayan Guarani

The Guaraní is the official currency of Paraguay. It was subdivided into 100 céntimos, but they are no longer in use.

The Paraguay Guarani is the currency in Paraguay (PY, PRY). The symbol for PYG can be written G. The Paraguay Guarani is divided into 100 centimos. The exchange rate for the Paraguay Guarani was last updated on May 24, 2019 from Yahoo Finance. The PYG conversion factor has 5 significant digits.

Economy

  • Paraguay owns an economical market that is characterized with a huge non-formal region.
  • Agriculture dictates the economic system, however inequal land partition has caused in a huge area of peasant farm workers.
  • A large proportion of the inhabitants is uninvolved within the formal economy; instead working in agriculture.
  • Lately, the economic system has grown because of increased agrarian exports, particularly soybeans.
  • Fiscal fluctuations, particularly in financial policy, have helped to develop Paraguay’s economic state.
  • Paraguay benefits from the increased wealth of a younger population as well as huge hydroelectric capability. However, very few natural resources and political instabilitystate has undercut many of the country's economic advantages at present.
  • Paraguay was probably the most agrarian economic system within South America, and that region influenced with the efficiency of just about every single area of the economic state.

History

  • The primary Guaraní notes had been of fifty céntimos, 1o, 5, and 1 Guaraní over stamped on 50, a hundred, 500, and one thousand Pesos since 1943.
  • The currency family further expanded with the issuance of 5,000 and 10,000 Guaranies.
  • The 1982 revision added denominations within the Guaraní language to the reverses.
  • The first 50,000 Guaraníes banknotes were circulated in 1990, as well as 100, 000 Guaraníes in 1998.
  • Modern 50,000 Guaraníes banknotes were issued in 2005, however several forgeries came into existance prior to the official introduction.  As such, these bills were declared fake and worthless by the central bank.
  • Starting in 2004, all existing denominations, except 50,000 Guaraníes, underwent small adjustments, such as a more subtle and borderless watermark and enhanced safety features.

More information about PYG - Paraguayan Guarani ()