BANKNOTES OF GEORGIA
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|1995||53s||500 Lari||Used only in inter-bank transactions)|
History of the Georgian Lari
The Georgian lari is the currency of Georgia. It is divided into 100 tetri. The name lari is an old Georgian word denoting a hoard, property, whilst tetri is an old Georgian monetary term used from the thirteenth century.
Kupon lari (Provisional Currency)
Georgia replaced the Russian ruble on 5 April 1993 with kupon lari at par. This currency consisted only of banknotes, had no subdivisions and suffered from hyperinflation. Notes were issued in denominations between 1 and 1 million lari, including the somewhat unusual 3, 3000, 30,000 and 150,000 lari.
The Lari (Current Currency)
On October 2, 1995, the government of Georgia replaced the provisional coupon currency with the lari: ISO 4217 code GEL. The Georgian lari was introduced at a rate of one million kupon lari to one lari. The currency has remained fairly stable since.
Banknotes and coins
Coins are currently issued in denominations of 1, 2, 5, 10, 20 and 50 tetri, 1 and 2 lari.
Georgian banknotes comes in the following denominations and motifs:
1 lari - Georgian fine artist Niko Pirosmani
2 lari - Georgian music composer Zakaria Paliashvili
5 lari - Historian Ivane Javakhishvili
10 lari - Famous poet Akaki Tsereteli
20 lari - Famous Georgian statesman and writer, "Father of the Georgian people" Ilia Chavchavadze
50 lari - Famous Georgian queen Tamar
100 lari - Poet Shota Rustaveli
200 lari (draft, not yet in currency) - Georgian soldier and anti-Soviet leader (1921-24) Kakutsa Cholokashvili
500 lari (only in interfinancial relations) - Greatest Georgian king David the Builder
Soviet Union: On 5 April 1993 the Georgian Lari replaced the Soviet Ruble at par.
► Banknotes of the former Soviet Union
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Page created: 21 March 2007
Last Update: 21 March 2007
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