Georgian lari

Georgian lari

Overview
The lari is the currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Georgia
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...

. It is divided into 100 tetri
Tetri
Tetri is a fractional currency used in the country of Georgia. It was put into circulation in 1995.The name tetri was adopted from the term describing golden, silver or copper coins known in ancient and medieval Georgia....

. The name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term used from the 13th century.

Earlier Georgian currencies include the maneti and abazi
Georgian abazi
The Abazi was the currency of Georgia until 1833. It was subdivided into 200 dinar. Other denominations were the puli of 5 dinar and the bisti of 20 dinar....

.

Georgia replaced the Russian ruble
Russian ruble
The ruble or rouble is the currency of the Russian Federation and the two partially recognized republics of Abkhazia and South Ossetia. Formerly, the ruble was also the currency of the Russian Empire and the Soviet Union prior to their breakups. Belarus and Transnistria also use currencies with...

 on 5 April 1993 with kupon lari at par. This currency consisted only of banknotes, had no subdivisions and suffered from hyperinflation
Hyperinflation
In economics, hyperinflation is inflation that is very high or out of control. While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases...

.
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Encyclopedia
The lari is the currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Georgia
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...

. It is divided into 100 tetri
Tetri
Tetri is a fractional currency used in the country of Georgia. It was put into circulation in 1995.The name tetri was adopted from the term describing golden, silver or copper coins known in ancient and medieval Georgia....

. The name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term used from the 13th century.

Earlier Georgian currencies include the maneti and abazi
Georgian abazi
The Abazi was the currency of Georgia until 1833. It was subdivided into 200 dinar. Other denominations were the puli of 5 dinar and the bisti of 20 dinar....

.

Kupon lari


Georgia replaced the Russian ruble
Russian ruble
The ruble or rouble is the currency of the Russian Federation and the two partially recognized republics of Abkhazia and South Ossetia. Formerly, the ruble was also the currency of the Russian Empire and the Soviet Union prior to their breakups. Belarus and Transnistria also use currencies with...

 on 5 April 1993 with kupon lari at par. This currency consisted only of banknotes, had no subdivisions and suffered from hyperinflation
Hyperinflation
In economics, hyperinflation is inflation that is very high or out of control. While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases...

. Notes were issued in denominations between 1 and 1 million lari, including the somewhat unusual 3, 3000, 30,000 and 150,000 lari.

Lari


On October 2, 1995, the government of Eduard Shevardnadze
Eduard Shevardnadze
Eduard Shevardnadze is a former Soviet, and later, Georgian statesman from the height to the end of the Cold War. He served as President of Georgia from 1995 to 2003, and as First Secretary of the Georgian Communist Party , from 1972 to 1985. Shevardnadze was responsible for many top decisions on...

 replaced the provisional coupon currency with the lari, at a rate of one million to one. It has remained fairly stable since then.

Coins


Coins are issued in denominations of 1, 2, 5, 10, 20 & 50 tetri, as well as 1 & 2 lari.
Image Value Technical parameters Description Date of Remark
obverse reverse diameter
×
thickness
mass composition obverse reverse edge first minting issue

Banknotes

Image Value Dimensions Main colour Description Date of Remark
obverse reverse obverse reverse watermark printing issue

External links