Make Payments in GEL - Georgian Lari
Pay in Georgian Lari (GEL)
Mondial Change allows you to make international payments in GEL (Georgian Lari) with ease. Manage your Georgian Lari beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not charge exchange commission on your GEL operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Georgian Lari (GEL)
It is currently not possible to receive payments in GEL.
Mondial Change Answers All Your Questions About Payments in Georgian Lari (GEL)
What is the timeframe for a GEL payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Georgian Lari transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if GEL payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for a payment in Georgian Lari (GEL)?
The fees applied to transfers in Georgian Lari (GEL) generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading desk. The rate primarily depends on your annual GEL exchange volume and the number of Georgian Lari payments made during the year.
Are there minimum or maximum amounts for payments in Georgian Lari (GEL)?
Mondial Change and its partners verify that your Georgian Lari flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Georgian Lari (GEL)?
To make a GEL transfer via the SWIFT network, you must provide:
• Full name of the beneficiary
• Account number
• SWIFT code
• Full name and address of the beneficiary bank
These details ensure the traceability and compliance of your payment to Georgia.
Is it possible to modify a payment in Georgian Lari (GEL) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Georgian Lari (GEL) even after it has been sent via SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then such amendments are not possible, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Georgian Lari (GEL) cannot be executed?
January 1: New Year's Day (ახალი წელი – Akhali Tseli)
January 2: Second Day of New Year
January 7: Orthodox Christmas (შობა – Shoba)
January 19: Orthodox Epiphany (ნათლობა – Natloba)
March 3: Mother's Day (Deda’s Day)
March 8: International Women's Rights Day
April 9: Day of National Unity, Freedom, and Independence
Variable Date: Orthodox Easter (აღდგომა – Aghdgoma)
May 9: Victory Day over Fascism
May 12: Saint Andrew the Apostle's Day (Apostle of Georgia)
May 26: Independence Day
August 28: Assumption of the Virgin (Mariamoba)
October 14: Svetitskhoveli Cathedral and Living Cathedral Day
November 23: Saint George's Day (Giorgoba)
History of the Georgian Lari
The Lari (GEL) has been the official currency of Georgia since 1995, replacing the post-Soviet 'coupon currency'. It is subdivided into 100 tetri and issued by the National Bank of Georgia. The first version of the Lari was replaced in 2005 by a new issue at a parity of 1,000:1 to simplify operations. The Lari plays a central role in the local economy and international trade exchanges.
Monetary Policy of the Georgian Lari
The National Bank of Georgia is responsible for monetary policy. Its objectives are price stability, inflation control, and support for sustainable growth. The model combines a floating exchange rate regime with targeted interventions to limit volatility. Instruments such as policy rates, reserve requirements, and market operations are used to maintain confidence and liquidity.
Characteristics of the Georgian Lari
The Lari (GEL) is an emerging currency, convertible for SWIFT transactions, but rarely present in international exchange markets. GEL banknotes include advanced security technologies (holograms, UV inks, historical motifs). The rapidly growing Georgian economy relies on the digitalized banking sector, tourism, and online transactions, which strengthens the use of the currency for cross-border payments.