GEL

How To Transfer USD to GEL (and many other currencies) Using TransferWise

March 27, 2020
In March 2020, GEL/USD exchange rates dropped to 1 USD = GEL 3.4 (I still remember days, when rates were 1 USD, equaled 1.74 GEL). Most of the banks (if not all) act as market makers or they buy low and sell high. A normal business practice. If GEL/USD value drops to 3.4 GEL for 1 USD, there is no...

Direct GEL deposits are back on Mintos.com Platform

October 17, 2018
Yesterday, on October 16, 2018 I noticed that direct GEL deposits are back again on Mintos.com platform. I first heard about Mintos.com peer to peer lending platform at the start of 2016, later that year I decided to give it a try, as I was looking for investment opportunities especially in Georgia...

During the past 4 years GEL has lost its value against USD by -27.51%

April 18, 2018
It has been a while since I last time examined GEL/USD exchange rates. It seems more than four years have passed already. Back in 2014, I was concerned about GEL exchange rates because I had some deposits in Georgian National currency. Now in 2018 I don't feel anymore too much concerned, because I have...

Bond Market Overview in Georgia (Fixed Income) 2017

October 12, 2017
Investments in Georgia, have been on my focus, probably since the day one since I relocated here (see: Living in Georgia), back in 2011. Unfortunately, it was hard to find a transparent and easy to understand stock exchange. Sure, I found Georgia Stock exchange website, but what I saw there a few years ago,...

Average Salary in Georgia 2016 - $ 389

December 31, 2016
Average salary in the Republic of Georgia at the end of the second quarter (Q2) of 2016 was GEL 1035.98 equaling about USD 389. For the simplicity of further written and calculated, here is the exchange rates I used from Bank of Georgia website on December 14, 2016. USD to GEL: 2.6599 EUR to GEL: ...

Actual Price Index at Tbilisi Market - March 2016

March 11, 2016
Yup, another hipster style article about actual prices for consumer goods at local Tbilisi market (Bazroba). It has been a while since I decided to measure how lari/dolar exchange rates influence actual prices, if you, just like me are an expat living in Georgia - you most probably have faced the...

New Design and Upgraded Security for Lari (GEL) Banknotes

March 09, 2016
On February 1st, 2016 the National Bank of Georgia issued upgraded Lari banknotes. It was mid February when first upgraded banknote ended up im my hands, I got it at local Procredit ATM.  My first thought was that I have probably by accident pressed EUR account instead of GEL and have taken my money...

My Savings Report January 2015 - GEL Loses It's Value Against USD For 14% Since September

February 02, 2015
A time ago, in September 2014, I started to save some money, I was so eager to save money, that I even started a new category on my blog - 'Savings Reports'. 4 months from my first, and yet latest, Savings report have passed, back then in September I deposited a small amount of sum of 300 GEL, which back then...

Opening a Bank Account in Republic of Georgia

July 29, 2014
Although I have been living in Georgia already more than 3 years  - I didn't have my personal bank account in Georgia. Since there is new law- asking for foreigners to register for temporary residence in Georgia, there is a requirement from Government when submitting documents for temporary residence in Public...

GEL to USD exchange rates start of May

May 02, 2014
According to exchange rates issued by National Bank of Georgia, USD to GEL exchange rates on 02.05.2014 are 1.7700, what is up by 0.0185 if compared to middle of April.Since start of this year GEL has lost already 0.0334 from its value on 01.01.2014.Or by other words saying, if in start of this year we had 1000...

GEL to USD exchange rates Mid - April 2014

April 14, 2014
It has been awhile since I last time examined GEL/USD exchange rates. Last time I did that, I was pretty worried about hidden devaluation of Georgian national currency Lari. During the past 4 years, GEL has lost its value against USD by -27.51% What are historical exchange rates (January -...

GEL continues to be weak against USD

December 23, 2013
Exchange rates for 1 Georgian Lari on December 23.12.2013 has been set to 1.7168 according to National Bank of Georgia. In Tbilisi money exchange points, the value goes even higher to 1.7300 (SELL) and 1.7200 (BUY). I have created a chart displaying exchange rates for GEL, for time period 01.01.2013 - 23.12....