Georgia is a country located at the crossroads of Europe and Asia, known for its rich history, stunning landscapes, and vibrant culture. As with any country, Georgia has its own currency that is widely used for daily transactions and trade within its borders. The basic unit of currency for Georgia is the Georgian Lari (GEL).

The Georgian Lari was first introduced in 1995, replacing the temporary currency that was in circulation after the collapse of the Soviet Union. The currency is named after the medieval Georgian currency called "lari," which means "hoard" in English. The current Georgian Lari is subdivided into 100 tetri, which are smaller denominations.

Since its introduction, the Georgian Lari has become the sole legal tender in the country, and it is widely accepted for both cash and electronic transactions. The currency is issued and regulated by the National Bank of Georgia, which ensures its stability and oversees the monetary policy.

For visitors and tourists, it is important to note that while some businesses in tourist areas may accept major foreign currencies such as US dollars or euros, it is advisable to exchange your money to Georgian Lari for a more convenient and cost-effective experience. Currency exchange offices and banks can be found throughout the country, providing reliable services to convert your foreign currency to Georgian Lari.

When planning your visit to Georgia, it is essential to consider the current exchange rate between your home currency and the Georgian Lari. Currency exchange rates fluctuate constantly and can impact the purchasing power of your money. Online currency converters or mobile applications can help you stay updated with the latest exchange rates.

In conclusion, the Georgian Lari is the basic unit of currency for Georgia. It is the legal tender used for daily transactions and is regulated by the National Bank of Georgia. When visiting the country, it is advisable to exchange your foreign currency to Georgian Lari for a hassle-free experience. Stay informed about the current exchange rates to make the most of your money during your visit to this beautiful country.

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