Convert INR to GEL at the Best Exchange Rates

The Georgian Lari (GEL) is the official currency of Georgia, symbolized as ₾ and abbreviated as GEL. Introduced in 1995, it replaced the Georgian coupon currency, stabilizing the country's economy after the dissolution of the Soviet Union.

Overview of the Georgian Lari
Subunit: 1 Lari = 100 Tetri
Coins: 1, 2, 5, 10, 20, and 50 Tetri; 1 and 2 Lari
Banknotes: 5, 10, 20, 50, 100, and 200 Lari
Issuing Authority: National Bank of Georgia

History of the Georgian Lari

The Georgian Lari (GEL) was introduced on October 2, 1995, replacing the Georgian Coupon (Kuponi), which had circulated since Georgia’s independence from the Soviet Union in 1991. The Kuponi suffered from hyperinflation, leading to economic instability. The introduction of the Lari helped restore confidence in Georgia’s financial system.

The name “Lari” comes from an old Georgian term meaning treasure or property, while Tetri (its subunit) means white and was historically used for small denominations of silver coins.

Since its introduction, the National Bank of Georgia (NBG) has regulated the currency, ensuring stability and implementing security features in banknotes. The Lari has faced fluctuations due to regional and global economic factors but remains a freely floating currency.

Over the years, the design of Lari banknotes has been updated to incorporate advanced security features and reflect Georgia’s rich cultural and historical heritage.

How can INR be converted to GEL at the best rates?

Converting Indian Rupees (INR) to Georgian Lari (GEL) requires careful planning to ensure you get the best exchange rates with minimal fees. Here’s how you can maximize value:

1. Compare Exchange Rates

   Exchange rates fluctuate due to market trends. Check online currency converters or forex service providers like banks, exchange houses, and forex platforms to compare the best rates.

2. Choose the Right Exchange Platform

   Banks & Forex Services: Secure but may charge additional fees.
   Currency Exchange Providers: Offer competitive rates with lower margins.
   ATMs in Georgia: Ideal for small withdrawals but may include bank fees.
   Online Forex Platforms: Convenient and allow pre-booking for better rates.

3. Avoid Airport Exchange Counters

   Airport kiosks often provide less favorable rates due to high margins and service fees.