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Georgia [c] is a country in Eastern Europe and West Asia. [14] [15] [16] It is part of the Caucasus region, bounded by the Black Sea to the west, Russia to the north and northeast, Turkey to the southwest, Armenia to the south, and Azerbaijan to the southeast. Georgia covers an area of 69,700 square kilometres (26,900 sq mi). [17]
The name euro was officially adopted on 16 December 1995 in Madrid. [16] The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making ...
The lari (Georgian: ლარი, pronounced; ISO 4217: GEL) is the currency of Georgia.It is divided into 100 tetri (თეთრი).The name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term (meaning 'white') used in ancient Colchis from the 6th century BC.
The Georgian Wikipedia (Georgian: ქართული ვიკიპედია) is a Georgian language edition of free online encyclopedia Wikipedia. Founded in November 2003, it has 179,122 articles as of 14 February 2025.
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Georgia's economic liberalization policy demonstrated some resilience to external shocks – war with Russia in 2008 and the global financial crisis. Despite this, in 2008 Georgia economy grew by 2.3%. After contracting in 2009 (−3.8%), the economy recovered soon after, growing 6.3% in 2010 and 7.0% in 2011.
Eurocurrency is currency held on deposit outside its home market, i.e., held in banks located outside of the country which issues the currency. [1] For example, a deposit of US dollars held in a bank in London, would be considered eurocurrency, as the US dollar is deposited outside of its home market.