Georgian lari
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| Georgian lari ქართული ლარი (Georgian) |
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| ISO 4217 Code | GEL |
|---|---|
| User(s) | Georgia except parts of Abkhazia and South Ossetia |
| Inflation | 10% |
| Source | The World Factbook, 2006 est. |
| Subunit | |
| 1/100 | tetri |
| Coins | 1, 2, 5, 10, 20, 50 tetri, 1 and 2 lari |
| Banknotes | |
| Freq. used | 1, 2, 5, 10 lari |
| Rarely used | 20, 50, 100 lari |
| Central bank | National Bank of Georgia |
| Website | www.nbg.gov.ge |
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, whilst tetri is an old Georgian monetary term used from the thirteenth century.
For earlier Georgian currency, see maneti and abazi.
Contents |
[edit] Kupon lari
Georgia replaced the Russian ruble on 5 April 1993 with kupon lari at par.[1] 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.
[edit] Lari
On October 2, 1995,[2] 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.
[edit] Coins
Coins are issued in denominations of 1, 2, 5, 10, 20 and 50 tetri, 1 and 2 lari.
[edit] 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
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[edit] References
- ^ National Bank of Georgia. Money Museum. Retrieved on December 30, 2006.
- ^ National Bank of Georgia. Lari banknotes. Retrieved on December 30, 2006.
[edit] External links
- Lari banknotes, National Bank of Georgia
- Lari coins, National Bank of Georgia
- New 50 tetri, 1 and 2 lari issued in 2006
- Coins of former Soviet republics
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