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About Georgia

from 30 April, 1999

 

Currency
On the territory of Georgia payment can only be made in Georgian Lari (GEL), which was put into circulation in 1995.

The approximate exchange rate on today

All kinds of payments (shopping in stores and markets, paying restaurant, hotel and other services) are made in cash. Only several large hotels and banks accept credit cards and cheques. The most popular foreign currency is the US dollar. It is strongly recommended to have dollars in cash when staying in Georgia. German Marks and Russian Rubles are also used. Foreign currency can be exchanged at special exchange shops in the streets of large towns. Currency other than US$, DM and RR, can be exchanged in the banks.

The import and export of local currency is prohibited. Foreign currency must be declared on arrival. The export of foreign currency is limited to the amount declared.

Monetary transfers are provided by Western Union and large banks.


1 Lari (GEL) = 100 Tetri.

Notes are in denominations of 1, 2, 5, 10, 20, 50 and 100 lari.

Coins are in denominations of 1, 2, 5, 10, 20 and 50 tetri.


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URL: http://ggdavid.tripod.com  (last update: 14 March, 2004 )