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The official exchange rate of one US dollar amounted to 2.7212 lari

The National Bank of Georgia has set a new currency rate.

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“Monetary Reform Recognized as Georgia’s Most Ambitious and Successful Economic Transformation”

"For 30 years, the GEL has been the only means of payment in Georgia," said Academician Vladimir Papava at a scientific conference held on the occasion of Economist's Day, dedicated to the 30th anniversary of the introduction of the GEL into circulation.

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David Iakobidze: Georgia’s 1995 Monetary Reform Was Meticulous, Professional, and a Success

“In 1995, before the introduction of the lari, the Ministry of Finance played a major role in establishing the economic foundations. We managed to mobilize 20% of GDP into the budget and monetize all humanitarian aid, which helped stabilize the coupon,” said David Iakobidze, Georgia’s Minister of Finance from 1993 to 1997, who was actively involved in launching the country’s first national currency.

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“Rain, strong wind, thunderstorm” — The National Environmental Agency warns the population of Georgia

The National Environmental Agency warns the population of Georgia about possible deterioration of weather conditions.

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