Georgian USD Account... Converting USD to GEL

Jea

Member
Hello, do Georgian banks offer USD and EUR accounts? How to convert EUR/USD in the bank account to GEL at the best rate?
 

ontherun

Building Trust
Entrepreneur
they do. also CNY/JPY/CHF. but you can't wire USD and then see USD in your balance. you wire USD, it appears in your balance as GEL, and then you yourself need to convert it into the USD sub account
 

Jea

Member
they do. also CNY/JPY/CHF. but you can't wire USD and then see USD in your balance. you wire USD, it appears in your balance as GEL, and then you yourself need to convert it into the USD sub account
You mean I can't receive USD directly and it gets converted twice?
 

ontherun

Building Trust
Entrepreneur
You mean I can't receive USD directly and it gets converted twice?
Right. After all, the US Dollar is not the national currency.

What you can do, is personally bring physical US Dollar notes to a branch and have those deposited in your USD sub account directly
 

Flatworld

Building Trust
Entrepreneur
Right. After all, the US Dollar is not the national currency.

What you can do, is personally bring physical US Dollar notes to a branch and have those deposited in your USD sub account directly
I’m quite sure I get US dollar bank wire with BOG and they won't converted into GEL automatically...

I think you're misunderstand something~
 

Flatworld

Building Trust
Entrepreneur
Hello, do Georgian banks offer USD and EUR accounts? How to convert EUR/USD in the bank account to GEL at the best rate?
they offer USD & EUR sub-account...you can wire USD to your USD sub-account...
you may see the balance as GEL, but actually the money is in USD :)
 
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