Converting from Georgian Lari (GEL) to Bangladesh Taka (BDT)

What is Georgian Lari (GEL)

The Georgian lari (GEL) is the official currency of Georgia, a country located at the crossroads of Eastern Europe and Western Asia. The lari was introduced in 1995, replacing theRussian ruble at a rate of 1 lari to 1.4 rubles. The word "lari" is derived from a total of the words "lar" meaning 'to have' in the Kartvelian dialect and "ari," which means 'unit' in Georgian.

One lari (GEL) is subdivided into 100 tetri, which are coins used primarily for minor transactions. The currency symbol for the lari is ₾, and its ISO code is GEL. The National Bank of Georgia manages the currency and issues new banknotes and coins.

Lari banknotes come in various denominations, including 1, 2, 5, 10, 20, 50, 100, and 200 lari. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 tetri, and 1 and 2 lari. The lari is subject to fluctuations against other currencies, making it essential for travelers and businesses to keep an eye on current exchange rates.

What is Bangladesh Taka (BDT)

The Bangladesh taka (BDT) is the official currency of Bangladesh, a country in South Asia known for its rich culture and history. The taka was introduced in 1972, replacing the Pakistani rupee following the liberation of Bangladesh. The word "taka" is derived from the Sanskrit word "tanka," which means 'silver coin.'

The currency symbol for the taka is ৳, and its ISO code is BDT. The Bangladesh Bank is responsible for the issuance and regulation of the taka, ensuring its stability and availability. Similar to the lari, the taka is also subdivided into 100 poisha.

Bangladesh taka banknotes are available in various denominations, such as 2, 5, 10, 20, 50, 100, 500, and 1000 taka. Coins exist in denominations of 1, 2, 5, and 10 taka, as well as 1, 5, 10, 25, and 50 poisha. The taka is affected by economic factors and exchange rates, which can fluctuate based on local and international market conditions.

Currency Conversion between GEL and BDT

To convert Georgian lari (GEL) to Bangladesh taka (BDT), individuals and businesses must refer to current exchange rates, which can vary daily. The formula for converting GEL to BDT is:

BDT = GEL × Exchange Rate

Knowing both currencies’ values can help in budgeting for travel, purchasing goods, or conducting business in either region. Therefore, it is always advisable to check reliable financial resources to remain updated on the latest conversion rates.