UT to GEL Converter and calculator


Conversion rates
Convert UT to GEL
Convert GEL to UT
UT to GEL chart
UT to GEL conversion data: Volatility and price changes of Fantaverse in GEL
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0003021 GEL | 0.0004396 GEL | 0.0004396 GEL | 0.001784 GEL |
Low | 0.0002745 GEL | 0.0001373 GEL | 0.0001373 GEL | 0.0001372 GEL |
Average | 0 GEL | 0 GEL | 0 GEL | 0 GEL |
Volatility | % | % | % | % |
Change | -9.12% | +0.01% | -9.06% | -65.52% |
Fantaverse information
UT to GEL market statistics
Current UT to GEL exchange rate
Fantaverse to Georgian Lari is rising this week.More info about Fantaverse on Bitget
Georgian Lari 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.
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UT to GEL Conversion tables
Amount | 20:10 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 UT | ₾0.0001373 | ₾0.0001510 | -9.12% |
1 UT | ₾0.0002745 | ₾0.0003021 | -9.12% |
5 UT | ₾0.001373 | ₾0.001510 | -9.12% |
10 UT | ₾0.002745 | ₾0.003021 | -9.12% |
50 UT | ₾0.01373 | ₾0.01510 | -9.12% |
100 UT | ₾0.02745 | ₾0.03021 | -9.12% |
500 UT | ₾0.1373 | ₾0.1510 | -9.12% |
1000 UT | ₾0.2745 | ₾0.3021 | -9.12% |
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