Money in Georgia

Money in Georgia

Money in Georgia

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The national currency is the lari, a name that translates to "treasure". The lari is subdivided into one hundred tetri. Exchange rates for the lari fluctuate according to market conditions.

The national currency is the lari, a name that translates to "treasure". The lari is subdivided into one hundred tetri. Exchange rates for the lari fluctuate according to market conditions.

As of 31/07/2019: 1 GEL = 0.3373 USD, 1 USD = 2.9646 GEL 1 GEL = 0.3024 EUR, 1 EUR = 3.3066 GEL

Name: Georgian Lari

Subunit: 1/100 = Tetri

Inflation: 6.00 %

Coins commonly used: 1, 2, 1, 2, 5, 10, 20, 50

Banknotes commonly used: 1, 2, 5, 10, 20, 50, 100, 200

Central Bank: National Bank of Georgia

Payment Methods

Many hotels, restaurants, and shops accept card payments, but for security reasons, it is advisable to settle transactions in cash, especially in smaller villages or more modest establishments.

Banks

Georgia has numerous banks available in all major cities and in some villages. You will have no difficulty finding ATMs throughout your stay.

Currency Exchange

For currency exchange, you will easily find exchange offices in major Georgian cities, such as Tbilisi. Exchange rates may, however, vary from one office to another. It is recommended to use independent exchange offices rather than banks, as they often offer more competitive rates.

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