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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.


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


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