Convert Georgian Lari to New Zealand Dollar
Please provide values below to convert Georgian Lari [GEL] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Georgian Lari.
How to Convert Georgian Lari to New Zealand Dollar
1 GEL = 1.62336728579988 NZD
Example: convert 15 GEL to NZD:
15 GEL = 15 × 1.62336728579988 NZD = 24.3505092869982 NZD
Georgian Lari to New Zealand Dollar 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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.