What is the currency of Georgia


 Georgian lari

The Georgian lari is the official currency of the state of Georgia, and its name dates back to the ancient Georgian word that means treasure or property, and the coins are called tetri and have values: 1 tetri, 2, 5, 10, 20, 50, one lari, and Larian, while Banknotes have values: 5 lari, 10, 20, 50, 100, and 200. [1]


History of the currency

Before the adoption of the lari as the official currency of the country, the Georgians used Manetian, Abazi and Kobuni, and in 1993 AD the Kobone currency was used as a substitute for the Russian ruble, and the currency at that time was composed of banknotes without subdivisions; The kobone's notes ranged from large denominations, and this excessive inflation in the currency caused it to be canceled later, and then the Georgian lari replaced the kobuni in 1995 AD under President Eduard Shevardnadze, and the ratio of replacing the Georgian lari to the Georgian coupon was one to one million, which remained adjusted. Fairly stable yet. [2]


Georgia's economy

The economy in Georgia depends mainly on agricultural production, as it produces many crops such as grapes, citrus fruits, and hazelnuts. It is also distinguished by the extraction and processing of some valuable minerals such as manganese, copper, and gold, in addition to the production of alcoholic and non-alcoholic beverages, machinery, and some chemicals, and the country imports all Its needs are almost natural gas and oil products from abroad, but it has water power that currently provides most of its electricity needs. [3]


The country is pinning its future hopes on achieving faster growth in light of continuous efforts to boost infrastructure, provide support for entrepreneurship, and improve vocational education in order to attract foreign investment and create job opportunities, and it also focuses on transportation, tourism, hydropower, and agriculture projects. 2014 Georgia entered into an association agreement with the European Union, which in turn paved the way for free trade and visa-free travel. [3]


References

↑ BAIA DZAGNIDZE (23-1-2018), "7 Useful Tips For Tourists Visiting Georgia", www.theculturetrip.com, Retrieved 29-5-2019. Edited.

↑ Chelangat Faith (1-8-2017), “What Is The Currency Of Georgia?” Www.worldatlas.com, Retrieved 5-29-2019. Edited.

^ Ab "GEORGIA", www.cia.gov, 21-5-2019, Retrieved 29-5-2019. Edited.

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Teb21

- On: 2019-12-15 13:05:15 - Last updated: 2019-12-15 13:05:15

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