If you're planning a trip to Tbilisi, Georgia, one of the first things you'll need to understand is the local currency. Knowing what currency is used in Tbilisi can make your travel experience smoother and help you budget effectively. The official currency in Tbilisi, Georgia, is the Georgian Lari (GEL). It's been the country's legal tender since October 1995, replacing the Georgian Coupon (Kuponi) which served as a transitional currency.
Understanding the Georgian Lari
The Georgian Lari (GEL) is divided into 100 tetri. The word "lari" is an ancient Georgian term meaning "hoard" or "property," reflecting its deep cultural significance. The currency symbol is ₾ (the Georgian letter "ლ" combined with two horizontal lines). Since its introduction in 1995, the Lari has maintained relative stability against major international currencies, making it reliable for both locals and travelers.
Lari Denominations
The Lari comes in the following denominations:
- Banknotes: ₾1, ₾2, ₾5, ₾10, ₾20, ₾50, ₾100
- Coins: 1, 2, 5, 10, 20, 50 tetris, and ₾1, ₾2
Modern Georgian banknotes feature prominent national figures and landmarks, including poets Ilia Chavchavadze and Akaki Tsereteli, as well as historical and cultural symbols of Georgia.
Exchanging Currency in Tbilisi
When arriving in Tbilisi, you have several options for exchanging your home currency into Georgian Lari:
- Banks: Major Georgian banks like TBC Bank and Bank of Georgia offer competitive exchange rates
- Exchange Bureaus: Numerous bureaus throughout the city provide convenient exchange services
- ATMs: Widely available throughout Tbilisi and accept international cards
- Hotels: Some hotels offer exchange services, though rates may be less favorable
Exchange rates can vary significantly between providers. It's advisable to compare rates before exchanging large amounts and keep receipts for your foreign exchange transactions.
Using Currency in Daily Transactions
The Georgian Lari is accepted everywhere in Tbilisi, from small street vendors to large shopping centers. While some tourist-oriented businesses may accept euros or US dollars, it's best to pay in Lari for better rates and convenience. Credit cards are widely accepted in larger establishments, but cash remains essential for smaller shops, markets, and public transportation.
Tips for Handling Currency
To make the most of your financial experience in Tbilisi:
- Carry small denominations for daily purchases and tips
- Withdraw larger amounts from ATMs for better value
- Be cautious of counterfeit bills by checking security features
- Consider carrying some US dollars or euros as backup
- Track expenses to stay within budget
The Georgian Lari's stability and the widespread acceptance of digital payments make Tbilisi a relatively hassle-free destination for travelers. Understanding the local currency will help you navigate your way through this vibrant capital city with confidence.
