Banking in Georgia

Banking in Georgia

Bank of GeorgiaBank of Georgia

Quick Tip: The Georgian Lari is a closed currency, so be sure to change your money before you leave the country.

Opening a bank account will depend on how much of your stipend you plan on saving each month. Many teachers choose not to open a bank account.

Small exchange kiosks are available in locations all over Georgia. When you are exchanging money, however, you will need to present your ID.

If you’re traveling outside of Tbilisi, make sure you exchange money before leaving on your trip. Exchange rates tend to be higher in rural areas. Overall, prices in Georgia are quite cheap. As such, travelers are advised to carry plenty of smaller notes and coins and many establishments and taxis will not have change for large notes of 50 Lari or more.

The Georgian Lari is a closed currency, so be sure to exchange money over before departing the country. You won’t be able to exchange Georgian Lari in other countries!

ATM and Credit Cards

Some ATMs in Tbilisi accept international ATM cards, but be aware that not all ATMs in Georgia accept foreign cards. Make you sure exchange money before the weekend and during business hours as banks are closed on weekends.

Credit cards are not mainstream in Georgia, and cash is still used for most day-to-day transactions. If you do have a credit card by all means bring it. You can still use it at larger department stores, restaurants or when purchasing airline tickets.


Georgian MoneyGeorgian Money

The Georgian currency is called Lari (GEL). 100 tetri equals one Lari. Interestingly enough, the word lari is an old Georgian word that means hoard or property, while tetri is an ancient monetary term from the 13th century. We recommend visiting for current exchange rates.

5, 10, 20 and 50 Lari bills are frequently used throughout Georgia. Lari also comes in 100 and 200 bills, but they are rarely issued.

Coins are issued in denominations of 1, 2, 5, 10, 20 and 50 tetri. 1 and 2 Lari coins are also used.

Currently $1 USD is equal to 1.7 Georgian lari. We recommend visiting for current exchange rates.

Currency Converters

Please consult the following helpful links for currency conversion:

If you liked this article, please share!

Contact Us

US & Canada: 201-467-4612
United Kingdom: 0203-286-9794
Australia: 2-8011-4516

Reach To Teach
1606 80th Avenue
Algona, Iowa, 50511

Teacher Testimonial

C. Venter - 2017 - Teaching in China

Thanks to the help and hard work of my recruiter at Reach To Teach, my journey to China was such a smooth and nearly stress free process. I have now been happily living in China for 6 months. Thanks, guys.

Read More Testimonials »

Teacher Testimonials

R. Busony - 2017 - An ESL Teacher in Taipei
Reach To Teach Recruiting LTD

Reach to Teach is absolutely the best tool to have going into the teaching industry in Asia. I worked with Carrie Kellenberger when going to Taiwan and she managed to give me more than I asked and did frequent check-ups.

Weeks before my dep...

Read More Testimonials »

Teacher Testimonials

Anabel Gabriela - 2018 Teacher Testimonial
Reach To Teach Recruiting LTD

They made what would have been a very complicated process easy. I always felt like they really cared about me and I never felt intimidated emailing or calling when I was confused. Highly recommend!

Read More Testimonials »