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Money
Currency: Lari (GEL) = 100 tetri. Notes are in denominations of GEL500, 100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of 50, 20, 10 and 5 tetri.
Currency exchange: US Dollars, Euros or Roubles can be exchanged at special exchange shops, while other currencies must be exchanged in banks. Cash is the preferred method of payment, and visitors are advised to carry notes in small denominations. There is unlikely to be a substantial difference between rates offered by banks or bureaux de change.
Credit & debit cards: Credit cards are accepted in certain hotels. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: US Dollars or Euros are recommended.
Currency restrictions: The import and export of local currency is unrestricted. The import of foreign currency is permitted. The export of foreign currency is limited to US$500 or equivalent.
Exchange rate indicators
The following table is a guide to the movement of the Lari against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 3.25 | 3.32 | 3.46 | 3.48 | | $1.00= | 2.23 | 2.18 | 2.19 | 2.19 |
Banking hours: Mon-Fri 0930-1730.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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