Convert Guernsey Pound to Georgian Lari
Please provide values below to convert Guernsey Pound [GGP] to Georgian Lari [GEL], or Convert Georgian Lari to Guernsey Pound.
How to Convert Guernsey Pound to Georgian Lari
1 GGP = 0.273233926330553 GEL
Example: convert 15 GGP to GEL:
15 GGP = 15 × 0.273233926330553 GEL = 4.09850889495829 GEL
Guernsey Pound to Georgian Lari Conversion Table
| Guernsey Pound | Georgian Lari |
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Guernsey Pound
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown dependency, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1921, the Guernsey Pound has been used locally alongside the British Pound, with both currencies circulating freely and at equal value, reflecting Guernsey's status as a self-governing dependency.
Current Use
The GGP is used for everyday transactions within Guernsey and is accepted alongside the British Pound, with coins and banknotes issued specifically for Guernsey by the local authorities.
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.