Converting from Belarusian New Ruble (BYN) to Georgian Lari (GEL)

What is Belarusian New Ruble (BYN)

The Belarusian New Ruble (BYN) is the official currency of Belarus, a country located in Eastern Europe. Launched in July 2016, the BYN replaced the old Belarusian ruble (BYR) at a rate of 1 BYN to 10,000 BYR. This transition was part of a broader effort to stabilize the economy and reduce hyperinflation that had affected Belarus in previous years.

The BYN is subdivided into 100 kopecks, with coins available in 1, 2, 5, 10, 20, and 50 kopecks and paper notes in 5, 10, 20, 50, 100, and 200 BYN. The Central Bank of Belarus is responsible for issuing and regulating the currency, ensuring its stability in domestic and international markets. The exchange rate of the BYN varies based on economic conditions, trade balances, and geopolitical factors.

In terms of purchasing power, the Belarusian New Ruble is primarily used within the country, though many travelers may find it useful to understand how it converts to other currencies. For those looking to travel or conduct business with Georgia, knowing the exchange rate to the Georgian lari (GEL) is essential.

What is Georgian Lari (GEL)

The Georgian Lari (GEL) is the official currency of Georgia, a country at the intersection of Eastern Europe and Western Asia. Introduced in 1995, the lari replaced the previous currency, the coupon (GEL), as part of Georgia’s transition to a stable financial system after gaining independence from the Soviet Union.

The GEL is divided into 100 tetri, with coins available in denominations of 1, 2, 5, 10, 20, and 50 tetri, as well as 1 and 2 lari coins. Paper notes come in 1, 2, 5, 10, 20, 50, 100, and 200 lari. The National Bank of Georgia is the authority responsible for issuing the currency and managing monetary policy.

The exchange rate of the lari can fluctuate based on various factors, including economic growth, inflation rates, and trade relations. For international travelers or those conducting business in Georgia, understanding the current exchange rate with the BYN is important to ensure you receive the best conversion when exchanging currency.

Conversion Rate between BYN and GEL

To convert Belarusian New Rubles (BYN) to Georgian Lari (GEL), you will need to look up the latest conversion rates. These rates can change frequently based on the foreign exchange market. For example, if the exchange rate is approximately ＄1 BYN = 1.50 GEL＄, to convert 100 BYN to GEL, you would perform the following calculation:

100 BYN × 1.50 GEL/BYN = 150 GEL

By keeping track of the exchange rates and understanding the value of BYN and GEL, you can ensure smooth transactions whether you are traveling or doing business across borders.