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Tuesday, 11 December 2007 16:34
 
 
 
Georgian lari

The lari (Georgian: ლარი ; ISO 4217:GEL) is the currency of Georgia. It is divided into 100 tetri. The name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term used from the thirteenth century.

For earlier Georgian currency, see maneti and abazi.

Kupon lari


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.

Lari

On October 2, 1995, the government of Eduard Shevardnadze 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 and 50 tetri, 1 and 2 lari.

Banknotes

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 - Georgian soldier and anti-Soviet leader (1921-24) Kakutsa Cholokashvili
500 lari (only in interfinancial relations) - Greatest Georgian king David the Builder
Last Updated on Tuesday, 11 December 2007 18:29