Currency of Georgia: Georgian Lari
Georgian Lari · GEL · National
Who Issues Georgian Lari in Georgia
The Georgian Lari (GEL) functions as Georgia's own national currency, with National Bank of Georgia providing the institutional monetary anchor. Its ISO 4217 code is GEL, and its ISO 4217 numeric identifier is 981.
For a GEL comparison in Georgia, National Bank of Georgia manages the monetary framework for the Georgian Lari in Georgia. GEL is therefore a nationally administered currency rather than an externally issued unit. The comparison stays the benchmark distinct from retail pricing.
Exchange Rate for GEL
In the Georgia context, the useful benchmark is a dated GEL observation with its currency pair stated explicitly. A bank, card network or cash desk may apply its own spread or fee to that benchmark. This provides the exchange-rate context transparent.
On a Georgian Lari conversion involving Georgia, compare observations for the same currency pair and a similar timestamp. Reference observations are benchmarks, not guaranteed retail transaction prices. The wording keeps the institutional fact separate from market data.
Banknotes and Coins
Banknotes
The National Bank of Georgia's lari banknote structure contains ₾5, ₾10, ₾20, ₾50, ₾100 and ₾200 denominations, including upgraded designs introduced progressively from 2016.
Coins
Current circulation coins are 5, 10, 20 and 50 tetri, plus ₾1 and ₾2. The 1- and 2-tetri coins were withdrawn from circulation from 1 January 2021.
Frequently Asked Questions
What currency is used in Georgia?
When a GEL rate is shown, the Georgian Lari (GEL) is the national currency, with National Bank of Georgia responsible for the domestic monetary framework.
Who manages the currency system in Georgia?
National Bank of Georgia is the main monetary authority identified for Georgia.
Are the exchange rates for Georgia real-time?
For a GEL comparison in Georgia, a supported conversion is based on the latest reference observation available to the tool, with the observation date shown. That makes it a reference value rather than a guaranteed transaction rate.
Sources & methodology
The page anchors its institutional currency facts in material from National Bank of Georgia and the framework governing Georgia. ISO 4217 is used for the GEL identifier; exchange-arrangement facts and dated rate observations are treated as different data layers. That keeps the comparison anchored to a dated observation.
View sources used for this page
- National Bank of Georgia - official website
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- National Bank of Georgia - lari banknotes
- National Bank of Georgia - circulation coins