GEL

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

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…

Direct GEL deposits are back on Mintos.com Platform

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…

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

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…

Bond Market Overview in Georgia (Fixed Income) 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…

Average Salary in Georgia 2016 - $ 389

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…

Actual Price Index at Tbilisi Market - March 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…

New Design and Upgraded Security for Lari (GEL) Banknotes

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…

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

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…

Opening a Bank Account in Republic of Georgia

In this article, I'm sharing notes on how I opened a bank account at ProCredit Georgia Bank back in 2014. Since I originally wrote this article, I have opened several additional bank accounts in Georgia - at Bank Republic for check…

GEL to USD exchange rates start of May

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…