What is the currency of Georgia? 🔊
The currency of Georgia is the Georgian Lari, abbreviated as GEL. Introduced in 1995, the Lari replaced the Georgian Coupon following the country’s independence from the Soviet Union. The Lari is subdivided into 100 tetri. The National Bank of Georgia manages the currency, ensuring monetary stability and regulating inflation. The Lari's value can fluctuate based on economic conditions, trade relationships, and other financial factors. It plays a critical role in the country's economy, facilitating domestic and international trade while reflecting Georgia's financial stability.
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