Convert Georgian Lari to Philippine Peso
Please provide values below to convert Georgian Lari [GEL] to Philippine Peso [PHP], or Convert Philippine Peso to Georgian Lari.
How to Convert Georgian Lari to Philippine Peso
1 GEL = 0.0475814991667003 PHP
Example: convert 15 GEL to PHP:
15 GEL = 15 × 0.0475814991667003 PHP = 0.713722487500505 PHP
Georgian Lari to Philippine Peso Conversion Table
| Georgian Lari | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.