Lari

New Design and Upgraded Security for Lari (GEL) Banknotes

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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…


GEL to USD exchange rates Mid - April 2014

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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%…


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

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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 me it seems…