Convert Saint Helena Pound to Georgian Lari
Please provide values below to convert Saint Helena Pound [SHP] to Georgian Lari [GEL], or Convert Georgian Lari to Saint Helena Pound.
How to Convert Saint Helena Pound to Georgian Lari
1 SHP = 0.273233926330553 GEL
Example: convert 15 SHP to GEL:
15 SHP = 15 × 0.273233926330553 GEL = 4.09850889495829 GEL
Saint Helena Pound to Georgian Lari Conversion Table
| Saint Helena Pound | Georgian Lari |
|---|
Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.