Georgian lari
Worldwide use:
- Georgia
Description:
The currency of Georgia is the Georgian Lari. One Lari is worth 100 Tetri. Coins come in 1, 2, 5, 10, 20 and 50 Tetri and 1 and 2 Lari. Banknotes are issued in 5, 10, 20 and 50 Lari as well as 1, 2, 100 and 200 Lari which are not often used.
"Lari" is an old Georgian word meaning "hoard" and "Tetri" means "white."
Origin:
The Russian Ruble was used in Georgia until 5 April 1993 when it was replaced with the Kupon Lari. The currency was troubled by hyperinflation with denominations of banknotes from one to one million Lari. Then, in 1995, the Lari was introduced with one Lari being equal to one million Kupon Lari.
Component units:
- Tetri (100)
Date introduced:
- 2 October 1995
Central bank:
- National Bank of Georgia
Printer:
Mint:
- Austrian mint
- Dutch Mint
- British Mint
