The exchange rate is determined by a floating system where market forces—supply and demand—drive the value. Key factors include:

Since Georgia imports many goods, a high demand for foreign products increases the demand for dollars, potentially weakening the Lari.

One lari is divided into 100 tetri , a term derived from ancient Georgian monetary history.

It is managed by the National Bank of Georgia (NBG). The Role of the US Dollar (USD) in Georgia

The Georgian Lari (sign: ; code: GEL ) is the official currency of the Republic of Georgia. It was introduced in 1995 to replace the temporary coupon-based system used after independence from the Soviet Union.

As of early May 2026, the Lari remains relatively stable against the dollar. Current rates are approximately: 1 GEL ≈ 0.37 USD 1 GEL equals US$0.36765 As of 8 May, 7:58 am SGT • Disclaimer 9 Apr 2026 - 8 May 2026 Factors Influencing "Lari Dolari" Rates