Convert Georgian Lari to Saudi Riyal
Please provide values below to convert Georgian Lari [GEL] to Saudi Riyal [SAR], or Convert Saudi Riyal to Georgian Lari.
How to Convert Georgian Lari to Saudi Riyal
1 GEL = 0.722506666666667 SAR
Example: convert 15 GEL to SAR:
15 GEL = 15 × 0.722506666666667 SAR = 10.8376 SAR
Georgian Lari to Saudi Riyal 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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.