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 ?
The issuance comprises new notes offered by JSC BoG in the amount of 500 million Georgian Lari (GEL), with a 3-year maturity (the Notes).
IFC, a member of the World Bank Group, has supported Bank of Georgia in its inaugural local currency Eurobond issuance by investing 108.34 million Georgian lari, equivalent to approximately $45 million, helping to attract much-needed international financing in local currency for Georgias private sector, to boost job creation and economic growth.
Specifically, the issue is both denominated and settled in Georgian Lari through the linkage between Clearstream and the Georgian domestic market, and serves as a gateway for GEL to become a settlement currency in the international central securities depository system.
The European Bank for Reconstruction and Development (EBRD) has marked a historic milestone by issuing its first-ever Eurobond both denominated and settled in Georgian lari (GEL).
This is the EBRDs third successful bond issuance in Georgian lari to be lead managed by JSC Galt & Taggart.
Under the agreement the EBRD is extending a loan of around 220 million Georgian lari (US$ 100 million equivalent) in a local currency financing package to Bank of Georgia to support the development of local SMEs.
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.
dollar, has caused the Georgian Lari to depreciate by more than 35 percent against the U.S.
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.
The Asian Development Bank (ADB) has raised GEL100 million (approximately $48.54 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.

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