Lari

New 10 GEL banknotes released in Georgia

New 10 lari banknotes were into circulation today across Georgia, the National Bank of Georgia reported. On the front of the new banknote there is a portrait of prominent Georgian writer and public figure, Akaki Tsereteli, with a …

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Georgian National Bank increases refinancing rate again

The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7.5% - for the second time this September. The regulator explains that the reasons behind such decision are inflation expectations as a result …

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Georgiana lari depreciates, gasoline prices grow

The cost of gasoline at petrol stations in Georgia has reached a historic high. According to the owners of petrol stations, the reason for the rise in prices is unknown to them, but the changes occurred within two days. “The price …

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Georgia to release new 10 GEL bills on October 1

The National Bank of Georgia will release new 10 GEL bills starting October 1, President of the National Bank of Georgia Koba Gvenetadze said today at the presentation of the new banknotes. Bacha Malazonia is the …

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 National Bank of Georgia purchases $15 mln

The National Bank of Georgia (NBG) has purchased $15 million at foreign exchange auction to control the national currency’s changing value against the dollar. The weighted average exchange rate was 2.6497 GEL for every …

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Dollar defeated by lari in Georgia

Starting from today, the amendments to the laws ‘On the National Bank of Georgia’ and ‘On Advertising’ have entered into force, according to which the entrepreneurs are obliged to indicate prices in the national currency - …

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Georgia raises key refinancing rate

The Monetary Policy Committee of the Georgian National Bank raised its key refinancing rate to 6.75% from 6.5% following a pick-up in inflation and said it might raise borrowing costs again in the first half of 2017.

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Georgia 2016: win for Georgian Dream, defeat for lari

This year in Georgia ends with the win of Georgian Dream in the fight with United National Movement and the biggest devaluation of the national currency, so the country enters 2017 in the not so holiday mood, Georgian experts said in an interview …

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Georgia declares war against dollar

Georgia's government and the National Bank are planning steps to ease the pressure on the lari currency, including taking some of the burden off individuals repaying dollar mortgages and banning online credit services. Georgian …

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 Georgian government plans to stabilize lari

Georgia's Government said that it plans to take steps to stabilize the national currency. The Georgian Government  in corporation with the National Bank of Georgia (NBG) and the International Monetary Fund (IMF) will …

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 Georgia renews 100 lari banknotes

Modernised 100 GEL (Georgian Lari) banknotes will come into circulation around the countryfrom November 1, the National Bank of Georgia said. Extra high-tech security features were added to the new banknotes, making them better …

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 Georgia renews banknotes worth 20, 50 and 100 GEL

Renewed banknotes worth 20, 50 and 100 GEL will appear in Georgia today. The old banknotes will also continue to be used, the Georgian National Bank said. This is the first significant change in the design of banknotes for …

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