Lari

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…

GEL to USD exchange rates Mid - April 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 -…

GEL continues to be weak against USD - is it time to start get worried?

At the end of december I made post about that Georgian lari continues to be weak agains USD. Today I decided to see what exchange rates are for today (07.01.2014)And for my surprise GEL CONTINUES to be weak against USD, so much, that for…