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Shiba Inu to Georgian Lari Converter and calculator

Convert 1Shiba Inu (SHIB) to Georgian Lari (GEL) equals ₾ 0.{4}5790 | Bitget

GEL information

About Georgian Lari (GEL)

The Georgian Lari (GEL), introduced in 1995, is more than just the official currency of Georgia; it's a symbol of the country's resilience, sovereignty, and economic evolution. It is commonly abbreviated as GEL and represented by the symbol ₾. Emerging from the shadows of the Soviet Union, Georgia's adoption of the Lari marked a significant step towards establishing a distinct national identity and economic independence.

Historical Background

The introduction of the Lari came at a crucial juncture in Georgia's history. Following the dissolution of the Soviet Union in 1991, Georgia underwent a period of severe economic crisis and political instability. The introduction of the Lari on September 25, 1995, replaced the provisional Coupon currency and symbolized a new beginning for the Georgian economy.

Design and Symbolism

The design of the Georgian Lari reflects the country's rich cultural heritage and history. The banknotes and coins feature prominent Georgian figures from various epochs, important architectural landmarks, and traditional ornamental patterns. These designs serve not only as a medium for economic transactions but also as a celebration of Georgia's identity and pride.

Economic Role

As the primary medium of exchange in Georgia, the Lari underpins all economic activities. Georgia's economy, characterized by its agricultural sector, burgeoning tourism industry, and growing services sector, relies on the stability and value of the Lari. The currency facilitates domestic and international trade, playing a critical role in the country’s economic development.

Monetary Policy and Inflation

The National Bank of Georgia, the country's central bank, is responsible for regulating the Lari. Monetary policies focus on maintaining price stability, controlling inflation, and ensuring a stable financial system. These measures are crucial for bolstering investor confidence and sustaining economic growth.

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Bitget crypto-to-fiat exchange data shows that the most popular Shiba Inu currency pair is the SHIB to GEL, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

SHIB to GEL conversion rate trend

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In the past 1D, Shiba Inu has changed -2.92% to GEL. Based on the trend and price charts, Shiba Inu(SHIB) has changed -2.92% to GEL while Georgian Lari(GEL) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₾0.{4}5642
0.0001% / 0.0004%vip-iconVIP
Binance
₾0.{4}5679
0.1000% / 0.1000%
Yes
Coinbase Exchange
₾0.{4}5666
0.1000% / 0.1000%
Yes
Kraken
₾0.{4}5682
0.1000% / 0.1000%
Yes
OKX
₾0.{4}5676
0.080% / 0.100%
Yes
Huobi
₾0.{4}5674
0.1000% / 0.1000%
Yes
Gate.io
₾0.{4}5674
0.1000% / 0.1000%
Yes
Bybit
₾0.{4}5674
0.1000% / 0.1000%
Yes
KuCoin
₾0.{4}5676
0.1000% / 0.1000%
Yes
Bitfinex
₾0.{4}5642
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 03:00:38(UTC+0)

What factors influence the conversion rate of Shiba Inu to Georgian Lari?

Shiba Inu to Georgian Lari is falling this week.
Shiba Inu's current market price is ₾ 0.{4}5790 per SHIB, with a total market cap of ₾ 34,118,551,076.55 GEL based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by -4.74% (₾ -72,458,549.35 GEL) in the last 24 hours. Last trading day, SHIB's trading volume was ₾ 1,530,049,398.26.
Market cap
$12.83B
24h volume
$547.97M
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at ₾ 0.{4}5790 GEL , which means buying 5 SHIB will cost ₾ 0.0002895 GEL . Similarly, ₾1 GEL can be traded for 17,271.82 SHIB, and ₾50 GEL can be converted to 863,590.92 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Georgian Lari has changed by -21.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.92%, reaching a high of 0.{4}6104 GEL and a low of 0.{4}5573 GEL . One month ago, the value of 1 SHIB was ₾ 0.{4}6679 GEL , which represents a -13.31% change from its current value. Over the last year, Shiba Inu has changed by
+
0.{4}2914GEL
, resulting in a change of +101.17% in its value.

SHIB to GEL

Amount
03:20 am today
0.5 SHIB
0.{4}2895
1 SHIB
0.{4}5790
5 SHIB
0.0002895
10 SHIB
0.0005790
50 SHIB
0.002895
100 SHIB
0.005790
500 SHIB
0.02895
1000 SHIB
0.05790

GEL to SHIB

Amount03:20 am today
0.5GEL8,635.91  SHIB
1GEL17,271.82  SHIB
5GEL86,359.09  SHIB
10GEL172,718.18  SHIB
50GEL863,590.92  SHIB
100GEL1,727,181.84  SHIB
500GEL8,635,909.19  SHIB
1000GEL17,271,818.38  SHIB
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Today vs. 24 hours ago

Amount03:20 am today24 hours ago24h change
0.5 SHIB$0.{4}1088$0.{4}1121
-2.92%
1 SHIB$0.{4}2177$0.{4}2242
-2.92%
5 SHIB$0.0001088$0.0001121
-2.92%
10 SHIB$0.0002177$0.0002242
-2.92%
50 SHIB$0.001088$0.001121
-2.92%
100 SHIB$0.002177$0.002242
-2.92%
500 SHIB$0.01088$0.01121
-2.92%
1000 SHIB$0.02177$0.02242
-2.92%

Today vs. 1 month ago

Amount03:20 am today1 month ago1M change
0.5 SHIB$0.{4}1088$0.{4}1255
-13.31%
1 SHIB$0.{4}2177$0.{4}2511
-13.31%
5 SHIB$0.0001088$0.0001255
-13.31%
10 SHIB$0.0002177$0.0002511
-13.31%
50 SHIB$0.001088$0.001255
-13.31%
100 SHIB$0.002177$0.002511
-13.31%
500 SHIB$0.01088$0.01255
-13.31%
1000 SHIB$0.02177$0.02511
-13.31%

Today vs. 1 year ago

Amount03:20 am today1 year ago1Y change
0.5 SHIB$0.{4}1088$0.{5}5406
+101.17%
1 SHIB$0.{4}2177$0.{4}1081
+101.17%
5 SHIB$0.0001088$0.{4}5406
+101.17%
10 SHIB$0.0002177$0.0001081
+101.17%
50 SHIB$0.001088$0.0005406
+101.17%
100 SHIB$0.002177$0.001081
+101.17%
500 SHIB$0.01088$0.005406
+101.17%
1000 SHIB$0.02177$0.01081
+101.17%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.