Convert Georgian Lari to Lebanese Pound
Please provide values below to convert Georgian Lari [GEL] to Lebanese Pound [LBP], or Convert Lebanese Pound to Georgian Lari.
How to Convert Georgian Lari to Lebanese Pound
1 GEL = 3.0272625698324e-05 LBP
Example: convert 15 GEL to LBP:
15 GEL = 15 × 3.0272625698324e-05 LBP = 0.00045408938547486 LBP
Georgian Lari to Lebanese Pound Conversion Table
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.