Cash or Card: How to Pay in Georgia

Georgia’s national currency is the lari (GEL), which is divided into 100 tetri. Although paying by card in Tbilisi, Batumi and Kutaisi is getting easier and easier, cash remains indispensable in many situations. You will be asked for it in marshrutkas outside the capital, at farmers’ markets, in small souvenir shops and at guesthouses in rural areas. It therefore makes good sense to combine both methods of payment: use a card to cover large expenses such as hotels and restaurant bills, and pay in cash for transportation, street food and small purchases.
Visa and Mastercard bank cards are accepted at most businesses in the cities. Before your trip, it is worth notifying your bank that you will be traveling, so as to avoid having your card blocked. Some banks charge a fee on foreign transactions, as a rule 1–3% of the amount. When you pay, the terminal may offer to process the payment in your home currency, for instance, dollars or euros. This service, known as dynamic currency conversion, is best declined: always choose to pay in lari, since the exchange rate it offers is almost always unfavorable.
Cash can be withdrawn from ATMs, which are widely available in the cities. The main ATM networks belong to TBC Bank, Bank of Georgia and Liberty Bank. Georgian banks usually charge a fee for withdrawals made with foreign cards, about 3–5 lari per transaction, and on top of that there may be a charge of 1–2% of the amount. Information about all of these fees appears on the ATM screen before you confirm the transaction. Since the fee has to be paid on every single transaction, one large cash withdrawal works out cheaper than several small ones.
If you are bringing foreign currency with you, U.S. dollars or euros are the best choice, since they get the most favorable exchange rate. Exchange offices can be found literally at every turn, and they often offer better rates than the banks do, without charging any commission. A small sum can be exchanged at the airport to cover any urgent expenses on arrival, but the bulk of your money is better changed in the city itself. Under no circumstances should you use the services of street money changers.


