GEL information
About Georgian Lari (GEL)
The Georgian Lari (GEL), introduced in 1995, is more than just the official currency of Georgia; it's a symbol of the country's resilience, sovereignty, and economic evolution. It is commonly abbreviated as GEL and represented by the symbol ₾. Emerging from the shadows of the Soviet Union, Georgia's adoption of the Lari marked a significant step towards establishing a distinct national identity and economic independence.
Historical Background
The introduction of the Lari came at a crucial juncture in Georgia's history. Following the dissolution of the Soviet Union in 1991, Georgia underwent a period of severe economic crisis and political instability. The introduction of the Lari on September 25, 1995, replaced the provisional Coupon currency and symbolized a new beginning for the Georgian economy.
Design and Symbolism
The design of the Georgian Lari reflects the country's rich cultural heritage and history. The banknotes and coins feature prominent Georgian figures from various epochs, important architectural landmarks, and traditional ornamental patterns. These designs serve not only as a medium for economic transactions but also as a celebration of Georgia's identity and pride.
Economic Role
As the primary medium of exchange in Georgia, the Lari underpins all economic activities. Georgia's economy, characterized by its agricultural sector, burgeoning tourism industry, and growing services sector, relies on the stability and value of the Lari. The currency facilitates domestic and international trade, playing a critical role in the country’s economic development.
Monetary Policy and Inflation
The National Bank of Georgia, the country's central bank, is responsible for regulating the Lari. Monetary policies focus on maintaining price stability, controlling inflation, and ensuring a stable financial system. These measures are crucial for bolstering investor confidence and sustaining economic growth.
XPY to GEL conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₾0.002766 | 0.0200% / 0.0320%VIP 7 |
How to buy PayCoin
Buy XPY (or USDT) for GEL (Georgian Lari) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
B Best-Rate 31 trades|Completion rate 94.00% | 2.9 GEL | Amount150 USDT Limit50 - 300 GEL | ||
B Best-Rate 31 trades|Completion rate 94.00% | 2.95 GEL | Amount88.88 USDT Limit7 - 250 GEL | ||
G GeoTrade11 224 trades|Completion rate 100.00% | 3.16 GEL | Amount362.66 USDT Limit5 - 1100 GEL | ||
P ProBitTrader 13 trades|Completion rate 93.00% | 3.16 GEL | Amount201.75 USDT Limit5 - 636 GEL | ||
R Rpaat86 30 trades|Completion rate 88.00% | 3.17 GEL | Amount121.77 USDT Limit10 - 260 GEL |
Sell XPY (or USDT) for GEL (Georgian Lari) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
G GeoTrade11 224 trades|Completion rate 100.00% | 2.77 GEL | Amount16637.6 USDT Limit200 - 10000 GEL | ||
L Lord-change 25 trades|Completion rate 93.00% | 2.77 GEL | Amount9396.8 USDT Limit200 - 20000 GEL | ||
T Timalizalays 58 trades|Completion rate 97.00% | 2.77 GEL | Amount97351.67 USDT Limit200 - 127500 GEL | ||
F Fast__change 11 trades|Completion rate 92.00% | 2.77 GEL | Amount80935.37 USDT Limit200 - 15000 GEL | ||
S SkyLioness 1 trades|Completion rate 100.00% | 2.77 GEL | Amount8076 USDT Limit1000 - 10000 GEL |
What factors influence the conversion rate of PayCoin to Georgian Lari?
PayCoin to Georgian Lari is falling this week.Conversion tables
The exchange rate of PayCoin is increasing.XPY to GEL
GEL to XPY
Today vs. 24 hours ago
Amount | 18:27 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 XPY | $0.0004914 | $0.0004905 | +0.26% |
1 XPY | $0.0009827 | $0.0009810 | +0.26% |
5 XPY | $0.004914 | $0.004905 | +0.26% |
10 XPY | $0.009827 | $0.009810 | +0.26% |
50 XPY | $0.04914 | $0.04905 | +0.26% |
100 XPY | $0.09827 | $0.09810 | +0.26% |
500 XPY | $0.4914 | $0.4905 | +0.26% |
1000 XPY | $0.9827 | $0.9810 | +0.26% |
Today vs. 1 month ago
Amount | 18:27 today | 1 month ago | 1M change |
---|---|---|---|
0.5 XPY | $0.0004914 | $0.0004624 | +9.37% |
1 XPY | $0.0009827 | $0.0009248 | +9.37% |
5 XPY | $0.004914 | $0.004624 | +9.37% |
10 XPY | $0.009827 | $0.009248 | +9.37% |
50 XPY | $0.04914 | $0.04624 | +9.37% |
100 XPY | $0.09827 | $0.09248 | +9.37% |
500 XPY | $0.4914 | $0.4624 | +9.37% |
1000 XPY | $0.9827 | $0.9248 | +9.37% |
Today vs. 1 year ago
Amount | 18:27 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 XPY | $0.0004914 | $0.001449 | -73.88% |
1 XPY | $0.0009827 | $0.002897 | -73.88% |
5 XPY | $0.004914 | $0.01449 | -73.88% |
10 XPY | $0.009827 | $0.02897 | -73.88% |
50 XPY | $0.04914 | $0.1449 | -73.88% |
100 XPY | $0.09827 | $0.2897 | -73.88% |
500 XPY | $0.4914 | $1.45 | -73.88% |
1000 XPY | $0.9827 | $2.9 | -73.88% |
PayCoin price prediction
What will the price of XPY be in 2026?
What will the price of XPY be in 2031?
Other crypto price predictions
Convert popular cryptocurrencies
Bitget Earn
Purchase other cryptocurrencies with similar market cap
Popular PayCoin conversions
Popular cryptocurrencies to GEL
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
What is a cryptocurrency calculator?
How does a cryptocurrency calculator work?
How accurate is a cryptocurrency calculator?
Can I trust the results of a cryptocurrency calculator?
Can I use a cryptocurrency calculator for tax purposes?
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
Buy PayCoin for 1 GEL
A welcome pack worth 6200 USDT for new Bitgetters!