Georgian Lari


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Georgian Lari

The currency of the Republic of Georgia. It was introduced in 1995, replacing the kupon lari, which had replaced the Soviet ruble and was suffering from hyperinflation. The lari is a floating currency.
References in periodicals archive ?
Bank of Georgias bond issuance has attracted 500 million Georgian lari (approximately $207 million) from about 20 international investors.
It is notable that the EBRD was the first IFI to issue GEL-denominated bonds in the local market in 2014, and now the EBRD again pioneers issuance of Eurobonds in Georgian lari.
This is the EBRDs third successful bond issuance in Georgian lari to be lead managed by JSC Galt & Taggart.
Project Description : The EBRD has submitted for consideration to Board of Directors a financing package up to USD 100 million in two equal tranches (second tranches uncommitted) denominated in LCY for the Bank of Georgia consisting of three transactions: Up to USD 50 million (Tranched) equivalent in Georgian Lari credit line to assist local Small and Medium Enterprises (SMEs) comply with DCFTA requirements; Up to USD 40 million (Tranched) equivalent in Georgian Lari credit line for on-lending to local Small and Medium Enterprises (SMEs); Up to USD 10 million (Tranched) equivalent in Georgian Lari Women in Business (WiB) financing programme to support SMEs run or managed by women.
Contrary to the recent turmoil in Russia the Georgian Lari has maintained a strong position, backed by the IMF the Georgian Lari has strengthened to its current value at $1.
dollar, has caused the Georgian Lari to depreciate by more than 35 percent against the U.
The NCR solution, that includes NCR SelfServ 32 ATMs, offers mixed-currency cash deposits as well as direct currency exchange from Georgian Lari to US Dollars or Euros and vice versa.
54 million) from its first-ever sale of bonds denominated in Georgian lari to support development of the local capital market and smaller businesses in the regions of Georgia.
IFC, a member of the World Bank Group, today issued a 30 million Georgian lari bond equivalent to approximately $15 million to support Georgia s capital markets.
TransferWise supports currency transfers between euro, British pound, Swiss franc, Polish zloty, Turkish lira, Romania leu, Bulgarian lev, Georgian lari, Hungarian forint, Danish, Swedish, Czech, Norwegian krone, Canadian and US dollar.
The European Bank for Reconstruction and Development (EBRD) marked an historic milestone in Georgia with the first-ever bond issue by an international financial institution in Georgian lari.

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