Convert Georgian Lari to Bulgarian Lev
Please provide values below to convert Georgian Lari [GEL] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Georgian Lari.
How to Convert Georgian Lari to Bulgarian Lev
1 GEL = 1.62473015111538 BGN
Example: convert 15 GEL to BGN:
15 GEL = 15 × 1.62473015111538 BGN = 24.3709522667306 BGN
Georgian Lari to Bulgarian Lev 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.
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.