Convert Georgian Lari to Israeli New Sheqel
Please provide values below to convert Georgian Lari [GEL] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Georgian Lari.
How to Convert Georgian Lari to Israeli New Sheqel
1 GEL = 0.809985052316891 ILS
Example: convert 15 GEL to ILS:
15 GEL = 15 × 0.809985052316891 ILS = 12.1497757847534 ILS
Georgian Lari to Israeli New Sheqel Conversion Table
| Georgian Lari | Israeli New Sheqel |
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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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.