Euro to Georgian Lari — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Georgia

Currency Code, Symbol: GEL, ₾

Denominations of coins in circulation: 1, 2, 5, 10, 20, 50 tetri, 1, 2 lari

Denominations of banknotes in circulation: 5, 10, 20, 50, 100 lari

History: The Georgian lari (₾) is a currency used exclusively in Georgia. On the international market, it is known as GEL. It can be exchanged to tetri.One lari contains 100 tetri. The currency came into circulation in 1995, replacing the Georgian coupon. Before that, the country had used the Soviet ruble. Coins have a symbol of the sun and the name of the country in two languages – Georgian and English – imprinted on them. Notes are decorated with portraits of influential figures and cultural monuments.Read More