Georgia: national financial features

Legal payment unit of the country is “GEL”, which was officially accepted for payment in 1995. In Georgia, also operate small and small coins – “Tetris” (100 tetri = 1 lari). Coins are minted in denominations of 1, 2, 5, 10, 20 and 50 tetri. Decision of the National Bank of the country today, the official means of payment is bank notes in denominations from 1 to 200 GEL.


Tourists who wish to make foreign exchange transactions, can refer to a specialized exchange office or in one of the banks operating in the country. As a general rule, financial institutions are open from 9 am to 19 pm on weekdays. Commit operation on currency exchange may be informal and “me”, but in this case, the transaction may result in administrative penalties.


Speaking about the financial specifics of Georgia, it should be noted that the country can buy something for Russian rubles, US dollars or euros. If you decide to go to South Ossetia or Abkhazia, and there you will be able to pay in Russian rubles without problems.


Traveler’s checks and international credit cards


Travelers who do not want to carry a large amount of cash can take with them on a journey of bank plastic cards or travel checks. Most hotels and large hotels accept them as legal tender. Do not forget, if you want to relax in the countryside, it is better to deal with a cash GEL. Otherwise, you cannot buy anything. Sorry, but the current payment system has not yet reached all corners of the country.


Remove the required amount of money you can not only exchange offices, working almost around the clock, but in a fairly extensive network of ATMs. You can find them on the streets, at post offices, railway station or in large shopping centers. If it happens that you urgently need financial support, the family can always give you the required amount by using the system of international money transfers.


Affordable price level


The cost of most goods and services in Georgia linked to the average wage in the country, therefore the price tags in stores will be pleasantly pleasing to the eye. Going to the store, remember that it is better to have in your wallet more small denominations. The low standard of living and low prices make it almost impossible to find the date, if you decide to pay large bills.