Bitget converter provides INIT to GEL real-time exchange rates, making it easy to convert Initia (INIT) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 INIT is currently valued at 1.01 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 INIT is currently valued at 1.01 GEL, which means buying 5 INIT would cost 5.05 GEL. Similarly, ₾1 GEL can be converted to 0.9897 INIT, and ₾50 GEL can be converted to 4.95 INIT, excluding any platform or gas fees.
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Conversion rates
Convert INIT to GEL
Convert GEL to INIT
Initia
Georgian Lari
1 INIT
1.01 GEL
Exchange 1 INIT for 1.01 GEL
2 INIT
2.02 GEL
Exchange 2 INIT for 2.02 GEL
5 INIT
5.05 GEL
Exchange 5 INIT for 5.05 GEL
10 INIT
10.1 GEL
Exchange 10 INIT for 10.1 GEL
20 INIT
20.21 GEL
Exchange 20 INIT for 20.21 GEL
50 INIT
50.52 GEL
Exchange 50 INIT for 50.52 GEL
100 INIT
101.04 GEL
Exchange 100 INIT for 101.04 GEL
200 INIT
202.08 GEL
Exchange 200 INIT for 202.08 GEL
500 INIT
505.19 GEL
Exchange 500 INIT for 505.19 GEL
1000 INIT
1,010.38 GEL
Exchange 1000 INIT for 1,010.38 GEL
5000 INIT
5,051.91 GEL
Exchange 5000 INIT for 5,051.91 GEL
10000 INIT
10,103.83 GEL
Exchange 10000 INIT for 10,103.83 GEL
In the table above, you'll find a comprehensive INIT to GEL converter that shows the value of Initia in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 INIT to GEL, all the way up to 10000 INIT, providing a clear view of their respective values.
Georgian Lari
Initia
1 GEL
0.9897 INIT
Exchange 1 GEL for 0.9897 INIT
10 GEL
9.9 INIT
Exchange 10 GEL for 9.9 INIT
50 GEL
49.49 INIT
Exchange 50 GEL for 49.49 INIT
100 GEL
98.97 INIT
Exchange 100 GEL for 98.97 INIT
200 GEL
197.94 INIT
Exchange 200 GEL for 197.94 INIT
500 GEL
494.86 INIT
Exchange 500 GEL for 494.86 INIT
1000 GEL
989.72 INIT
Exchange 1000 GEL for 989.72 INIT
2000 GEL
1,979.45 INIT
Exchange 2000 GEL for 1,979.45 INIT
5000 GEL
4,948.62 INIT
Exchange 5000 GEL for 4,948.62 INIT
10000 GEL
9,897.24 INIT
Exchange 10000 GEL for 9,897.24 INIT
50000 GEL
49,486.2 INIT
Exchange 50000 GEL for 49,486.2 INIT
100000 GEL
98,972.39 INIT
Exchange 100000 GEL for 98,972.39 INIT
In the table above, you'll find a comprehensive GEL to INIT converter that shows the value of Georgian Lari in Initia across commonly used conversion amounts. The list covers conversions from 1 GEL to INIT, all the way up to 100000 GEL, providing a clear view of their respective values.
INIT to GEL chart
INIT/GEL: 1 INIT = 1.01 GEL; 2025/08/03 13:42:25
In the past 1D, Initia has changed +4.66% to GEL. Based on the trend and price charts, Initia(INIT) has changed +4.66% to GEL while Georgian Lari(GEL) has changed % to INIT in the last 24 hours.
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INIT to GEL conversion data: Volatility and price changes of Initia in GEL
The highest Initia price in GEL over the past 7 days was 1.41 GEL while the lowest Initia price in GEL over the past 7 days was 1.05 GEL. The relative change between the highs and lows in Initia price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and INIT to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
Initia's current market price is ₾1.01 per INIT, with a total market cap of ₾163,092,367.84 GEL based on a circulating supply of 161,416,420 INIT. The trading volume of Initia has changed by -33.31% (₾-43,120,936.77 GEL) in the last 24 hours. Last trading day, INIT's trading volume was ₾129,455,759.54.
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.
Bitget crypto-to-fiat exchange data shows that the most popular Initia currency pair is the INIT to GEL, with for Initia's currency code being INIT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.
The exchange rate of 1 INIT to Georgian Lari has changed by -6.97% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.66%, reaching a high of 1.29 GEL and a low of 1.18 GEL . One month ago, the value of 1 INIT was ₾2.5 GEL , which represents a -54.12% change from its current value. Over the last year, Initia has changed by
+₾
1.26GEL
, resulting in a change of -27.46% in its value.
24 hours ago1 month ago1 year ago
Amount
13:42 today
24 hours ago
24h change
0.5 INIT
₾0.5052
₾0.4771
+4.66%
1 INIT
₾1.01
₾0.9541
+4.66%
5 INIT
₾5.05
₾4.77
+4.66%
10 INIT
₾10.1
₾9.54
+4.66%
50 INIT
₾50.52
₾47.71
+4.66%
100 INIT
₾101.04
₾95.41
+4.66%
500 INIT
₾505.19
₾477.05
+4.66%
1000 INIT
₾1,010.38
₾954.1
+4.66%
INIT to GEL FAQ
How much is 1 Initia in GEL?
Right now, the price of 1 Initia (INIT) in Georgian Lari (GEL) is ₾1.01.
How much INIT can I buy for 1 GEL?
Based on the current exchange rate, you can get 0.9897 INIT for 1 GEL.
How do I calculate or convert INIT to GEL?
You can use our INIT to GEL calculator at the top of this page to convert any amount of INIT to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 4.95 INIT, while 5 INIT will cost around 5.05GEL.
What is the highest price of INIT/GEL in history?
The all-time high price of 1 INIT in GEL is ₾3.89. It remains to be seen if the value of 1 INIT/GEL will exceed the current all-time high.
What is the price trend of Initia in GEL?
Over the past 7 days, the exchange rate of Initia (INIT) has gone down by 6.97%.
Over the last month, the exchange rate of Initia (INIT) has gone down by 54.12% against Georgian Lari (GEL).
What factors influence the conversion rate of INIT to GEL?
There are many factors that affect the relationship between Initia and Georgian Lari, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of INIT/GEL. When there is positive news in the market about the widespread adoption of INIT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of INIT/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in INIT/GEL.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of INIT/GEL. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Initia and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular Initia currency pairs: INIT to US Dollar (USD), INIT to Euro (EUR), INIT to Pound Sterling (GBP), INIT to Canadian Dollar (CAD), INIT to Indian Rupee (INR), INIT to Pakistani Rupee (PKR), INIT to Brazilian Real (BRL), INIT to… The price of Initia in the US is $0.3742 USD. Additionally, Initia’s price is €0.3229 EUR in the eurozone, £0.2817 GBP in the UK, C$0.5165 CAD in Canada, ₹32.62 INR in India, ₨104.55 PKR in Pakistan, R$2.07 BRL in Brazil, and more. The most popular Initia currency pair is the INIT to Georgian Lari(GEL). The price of 1 Initia (INIT) in Georgian Lari (GEL) is ₾1.01.
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.