Georgian lari

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Template:Short description Template:Use dmy dates Script error: No such module "Infobox".Template:Template otherScript error: No such module "check for unknown parameters". The lari (Georgian: Script error: No such module "Lang"., Script error: No such module "IPA".; ISO 4217: GEL) is the currency of Georgia. It is divided into 100 tetri (Script error: No such module "Lang".). The name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term (meaning 'white') used in ancient Colchis from the 6th century BC. Earlier Georgian currencies include the maneti (Georgian: Script error: No such module "Lang".), abazi (Script error: No such module "Lang".), and kuponi (Script error: No such module "Lang".).

Kuponi

Script error: No such module "Labelled list hatnote". Georgia replaced the Soviet ruble on 5 April 1993, with the kuponi (Georgian: Script error: No such module "Lang".) 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 kuponi, including the somewhat unusual 3, 3,000, 30,000 and 150,000 kuponi.

Lari

On 2 October 1995,[1] 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.

Lari sign

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File:Sign of Georgian Lari (4).jpg
The Georgian Lari currency sign, introduced on 8 July 2014.

The NBG announced the Lari sign competition in December 2013. The temporary commission consisted of representatives of NBG, the Budget and Finance Committee of the Parliament of Georgia, the State Council of Heraldry, the Ministry of Culture and Monument Protection of Georgia and the Ministry of Education and Science of Georgia.[2]

On 8 July 2014, Giorgi Kadagidze, Governor of the National Bank of Georgia (NBG), unveiled the winning proposal for the sign of the national currency to the public.[3] The author of the winning sign was professional artist-ceramist, Malkhaz Shvelidze.[2]

In choosing the winning sign, the commission gave priority to the samples based on the Georgian Mkhedruli character and made a point of the following criteria: conception, design, accordance with Georgian alphabet, existence of elements marking the currency, ease of construction, and observance of requests and recommendations determined by competition rules.[2]

The Lari sign is based on an arched letter ლ (Lasi) of the Georgian script. It is common international practice for a currency sign to consist of a letter, crossed by one or two parallel lines. Two parallel lines crossing the letter Lasi are the basic components of the Lari sign. The so-called “leg” of the letter, represented by a horizontal line, is a necessary attribute of the sign, adding monumental stability to the upper dynamic arc. The form of the letter is transformed in order to simplify its perception and implementation as a Lari sign.[2]

On 18 July 2014, Giorgi Melashvili, executive director of the National Bank of Georgia, sent a request letter to the Unicode Consortium to register the symbol in the Currency Symbols block of the Unicode Standard as

₾ U+20BE GEORGIAN LARI SIGN[4]

On 17 June 2015, the Unicode Consortium released[5] Unicode V8.0, which includes the Lari sign as

Template:Unichar[6]

Coins

Coins are issued in denominations of 5, 10, 20 and 50 tetri, as well as 1 and 2 lari.

The National Bank of Georgia announced on 5 October 2018 that it would discontinue circulation of 1 and 2 Tetri coins as of 1 January 2021, and that these coins would lose their legal tender status. 1 and 2 Tetri coins could be exchanged at the National Bank of Georgia and commercial banks in Georgia within one year from 1 January 2021, and can only be exchanged at the National Bank of Georgia from 1 January 2022.[7][8] According to the new regulations on cash payments introduced by the National Bank of Georgia on 1 January 2019, 1 and 2 tetri are rounded to 0, and 3, 4, 6 and 7 tetri are rounded to 5Script error: No such module "Unsubst"..[9]

The National Bank of Georgia announced on 12 November 2015 that, effective 1 January 2018, the old 50 Tetri coin, issued since 1995, would be withdrawn from circulation and the coins would lose their legal tender status. The old 50 Tetri coin were exchangeable at the National Bank of Georgia and commercial banks of Georgia within one year from 1 January 2018, and from 1 January 2019 only at the National Bank of Georgia.[10][11][12]

Image Value Technical parameters Description Issued
from 		Withdrawn
Obverse Reverse Diameter
(mm) 		Mass
(g) 		Composition Edge Obverse Reverse
First series (1993)
File:Ge-money-tetri-1.jpg File:Ge-money-tetri-20-rev.jpg 1 tetri 15.00 1.38 Stainless
steel 		Smooth Vine tendril; value Borjgali over a tree of life;
year of issue; lettering:
Script error: No such module "Lang".;
Republic of Georgia 		1996 2021
File:Ge-money-tetri-2.jpg File:Ge-money-tetri-20-rev.jpg 2 tetri 17.50 1.90 Peacock; value
File:Ge-money-tetri-5.jpg File:Ge-money-tetri-20-rev.jpg 5 tetri 20.00 2.50 Golden lion from
Alazani valley; value 		Current
File:Ge-money-tetri-10.jpg File:Ge-money-tetri-20-rev.jpg 10 tetri 22.00 3.00 Saint Mammes riding
a lion from Gelati
Monastery; value
File:Ge-money-tetri-20.jpg File:Ge-money-tetri-20-rev.jpg 20 tetri 25.00 5.00 Stag by Niko
Pirosmani; value
File:Ge-money-tetri-50.jpg File:Ge-money-tetri-50-obv.jpg 50 tetri 19.00 2.50 Brass Griffin from Samtavisi
Cathedral; value 		2018
Second series (2006)
File:Ge-money-tetri-50-2006.jpg File:Ge-money-tetri-50-2006-obv.jpg 50 tetri 24.00 6.52 Cupronickel Reeded
lettering:
საქართველო ★
GEORGIA ★
საქართველო ★
GEORGIA ★Script error: No such module "Check for unknown parameters". 		Value Coat of arms; sun beams;
year of issue; lettering:
Script error: No such module "Lang". 		2006 Current
File:Ge-money-lari-coin-1-rev.jpg File:Ge-money-lari-coin-1-obv.jpg ₾1 26.20 7.85 Half-milled; value Coat of arms;
year of issue; lettering:
Script error: No such module "Lang".
File:Ge-money-lari-coin-2-rev.jpg File:Ge-money-lari-coin-2-obv.jpg ₾2 27.00 8.00 Outer:
Cupronickel 		Sun rays; value
Inner:
Cu-Al-Ni
For table standards, see the coin specification table.

Banknotes

Current series

Between November 2016 and October 2019 the National Bank of Georgia released five banknotes (in denominations of ₾5, ₾10, ₾20, ₾50, and ₾100), composing a new complete set.[13] The 2016–2019 series lari notes were produced in collaboration with Oberthur Technologies, Giesecke+Devrient and De La Rue.

Upgraded series (2016–2019)
Image Value Dimensions
(mm) 		Main
colour 		Description Issued
from 		First
issued
Obverse Reverse Obverse Reverse
File:5LariObverse.png File:5LariReverse2017.png ₾5 122 × 62 Brown Ivane Javakhishvili;
Tbilisi State University 		Threshing & Fisherman
in a Red Shirt (Niko Pirosmani)Script error: No such module "Check for unknown parameters". 		2017 1 Sep 2017
File:10LariObverse.png File:10LariReverse.png ₾10 127 × 64 Blue Akaki Tsereteli;
Tsereteli's poem Spring 		Imereti - My Mother
(David Kakabadze)Script error: No such module "Check for unknown parameters". 		2019 1 Oct 2019
File:20 lari. Georgia, 2016 a.png File:20 lari. Georgia, 2016 b.jpg ₾20 132 × 66 Red Ilia Chavchavadze; Iveria &
Sakartvelos Moambe
newspaper 		Vakhtang Gorgasali statue;
Panorama and map
of Tbilisi (Vakhushti)Script error: No such module "Check for unknown parameters". 		2016 1 Feb 2016
File:50 lari. Georgia, 2016 a.png File:50 lari. Georgia, 2016 b.jpg ₾50 137 × 68 Green Queen Tamar;
Vardzia monastery 		Sagittarius miniature;
12th century manuscript
File:100 lari. Georgia, 2016 a.png File:100 lari. Georgia, 2016 b.jpg ₾100 142 × 70 Purple Shota Rustaveli; The
Knight in the Panther's Skin 		Georgian National Opera
Theater; Tavisupleba score 		1 Nov 2016
For table standards, see the banknote specification table.

Earlier issues

The National Bank of Georgia announced that banknotes of 1, 2, 5, 10, 20, 50 and 100 lari issued between 1995 and 1999 will no longer be legal tender on 1 January 2022. These currencies can only be exchanged at the National Bank of Georgia from 1 January 2022.[14][15]

Image Value Dimensions
(mm) 		Main
colour 		Description Issued
from 		First
issued[16]
Obverse Reverse Obverse Reverse
File:1 lari. Georgia, 2007 a.jpg File:1 lari. Georgia, 2007 b.jpg ₾1 115 × 61 Teal Niko Pirosmanashvili Tbilisi panorama;
Stag by Pirosmani 		2002–2007 5 Aug 2002
File:2 lari. Georgia, 2002 a.jpg File:2 lari. Georgia, 2002 b.jpg ₾2 Peach Zacharia Paliashvili;
Abesalom da Eteri 		National Opera Theater 2002
File:5 lari. Georgia, 2002 a.jpg File:5 lari. Georgia, 2002 b.jpg ₾5 Brown Ivane Javakhishvili Tbilisi State University 2002–2013
File:10 lari. Georgia, 2007 a.jpg File:10 lari. Georgia, 2007 b.jpg ₾10 125 × 63 Blue Akaki Tsereteli;
Swallow; branches 		Imereti - My Mother
(David Kakabadze)Script error: No such module "Check for unknown parameters".
File:Ge-money-lari-20.jpg File:GeorgiaPNew-20Lari-2002-donatedta b.jpg ₾20 131 × 65 Maroon Ilia Chavchavadze;
Iveria & Sakartvelos
Moambe newspaper 		Vakhtang Gorgasali statue;
Panorama and map
of Tbilisi (Vakhushti)Script error: No such module "Check for unknown parameters".
File:50 lari. Georgia, 2004 a.jpg File:50 lari. Georgia, 2004 b.jpg ₾50 135 × 66 Olive Queen Tamar;
Griffin 		Sagittarius miniature;
12th century manuscript 		2004–2013 29 Nov 2004
File:100 lari. Georgia, 2004 a.jpg File:100 lari. Georgia, 2004 b.jpg ₾100 140 × 67 Green Shota Rustaveli;
Angels with cross 		Daniel in the den of lions
from Martvili monastery 		2004–2014
File:200 lari. Georgia, 2006 a.jpg File:200 lari. Georgia, 2006 b.jpg ₾200 146 × 72 Yellow Kakutsa Cholokashvili;
Relief images 		Sokhumi;
iconostasis from Tsebelda 		2006 15 Apr 2007
File:500 lari. Georgia, 1995 a.png File:500 lari. Georgia, 1995 b.png ₾500 143 × 66 Blue
green 		David IV Early Georgian inscriptions;
cross 		1995 Unissued
For table standards, see the banknote specification table.
Current GEL exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY
Georgian kupon lari
Preceded by:
Georgian kupon lari
Reason: Replacement of the Soviet and Russian ruble with a transitional currency 		Currency of Georgia
April 5, 1993 – October 2, 1995 		Succeeded by:
Georgian lari
Reason: Hyperinflation
Ratio: 1 Georgian lari = 1,000,000 Georgian kuponi

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Georgian lari
Preceded by:
Georgian kuponi lari
Reason: Hyperinflation
Ratio: 1 Georgian lari = 1,000,000 Georgian kuponi lari 		Currency of Georgia
October 2, 1995 – 		Succeeded by:
Current

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See also

References

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  16. ↑ Script error: No such module "citation/CS1".

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External links

Template:Sister project

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