Convert Georgian Lari to Tanzanian Shilling
Please provide values below to convert Georgian Lari [GEL] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Georgian Lari.
How to Convert Georgian Lari to Tanzanian Shilling
1 GEL = 0.00105419152995586 TZS
Example: convert 15 GEL to TZS:
15 GEL = 15 × 0.00105419152995586 TZS = 0.015812872949338 TZS
Georgian Lari to Tanzanian Shilling Conversion Table
| Georgian Lari | Tanzanian Shilling |
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.