Georgian lari

{{main|Georgian kuponi}}

Georgia replaced the Soviet ruble on 5 April 1993, with the kuponi ({{lang-ka|კუპონი}}) 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.

File:10 000 купонов лари. 1. 1993.jpg|10 000 kuponi, 1993 (1st issue)

File:100 купонов лари. 2. 1993.jpg|100 kuponi, 1993 (2nd issue)

File:100 000 купонов лари. 3. 1993.jpg|100 000 kuponi, 1993 (3rd issue)

File:20 000 купонов лари. 4. 1993.jpg|20 000 kuponi, 1994 (4th issue)

File:1 000 000 купонов лари. 5. 1994.jpg|1 000 000 kuponi, 1994

On 2 October 1995,{{cite web |publisher=National Bank of Georgia |url=http://www.nbg.gov.ge/index.php?m=193 |title=Lari banknotes |access-date=2006-12-30}} 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.

{{Contains special characters|Uncommon Unicode|section}}

File:Sign of Georgian Lari (4).jpg

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.{{cite web |url=https://www.nbg.gov.ge/index.php?m=630&lng=eng |title=Lari sign |publisher=National Bank of Georgia |access-date=5 December 2017 }}

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.{{cite web |url=https://www.nbg.gov.ge/index.php?m=340&newsid=2485&lng=eng |title=Georgian Lari has its own sign |publisher=National Bank of Georgia |access-date=5 December 2017 |archive-date=20 May 2019 |archive-url=https://web.archive.org/web/20190520173009/https://www.nbg.gov.ge/index.php?m=340&newsid=2485&lng=eng |url-status=dead}} The author of the winning sign was professional artist-ceramist, Malkhaz Shvelidze.

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.

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.

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{{cite web|url=https://www.unicode.org/L2/L2014/14161-lari-proposal.pdf|title=Lari proposal|website=Unicode.org|access-date=5 December 2017}}

On 17 June 2015, the Unicode Consortium released{{cite web|url=http://blog.unicode.org/2015/06/announcing-unicode-standard-version-80.html |title=Announcing The Unicode® Standard, Version 8.0 |website=Blog.unicode.org|access-date=5 December 2017}} Unicode V8.0, which includes the Lari sign as

: {{unichar|20be|LARI SIGN|html=}}{{cite web|url=https://www.unicode.org/charts/PDF/U20A0.pdf|format=PDF|title=Currency Symbols : Range: 20A0–20CF|website=Unicode.org|access-date=3 February 2022}}

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.{{cite web|title=საქართველოს ეროვნული ბანკის საბჭოს - დადგენილება №8|url=https://matsne.gov.ge/document/view/4339813?publication=0|website=სსიპ ”საქართველოს საკანონმდებლო მაცნე”|language=ka|date=5 October 2018|access-date=8 January 2024}}{{cite news|title=Georgian 1 and 2 tetri coins to be taken out of circulation|url=https://agenda.ge/en/news/2020/2384|newspaper=agenda.ge|date=28 July 2020|access-date=8 January 2024}} 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 5{{Clarify|reason=What about 8 and 9? Aren’t they rounded at all?|date=April 2024}}.{{cite news|title=Stores begin rounding out Georgian 1, 2-tetri coins|url=https://agenda.ge/en/news/2019/16|newspaper=agenda.ge|date=3 January 2019|access-date=8 January 2024}}

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.{{cite web|title=საქართველოს ეროვნული ბანკის საბჭოს - დადგენილება №3|url=https://matsne.gov.ge/document/view/3034236?publication=0|website=სსიპ ”საქართველოს საკანონმდებლო მაცნე”|language=ka|date=2 November 2015|access-date=8 January 2024}}{{cite news|title=Old 50 Georgian tetri coins loosing legal tender status|url=https://agenda.ge/en/news/2017/2159|newspaper=agenda.ge|date=5 October 2017|access-date=8 January 2024}}{{cite news|title=Exchange of old Georgian 50 tetri coins to be possible from January 2019|url=https://agenda.ge/en/news/2018/2286|newspaper=agenda.ge|date=1 November 2018|access-date=8 January 2024}}

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.{{Cite web|url=http://ganakhlebulilari.ge/|title=Ganakhlebulilari.ge|website=Ganakhlebulilari.ge|access-date=3 February 2022}}

The 2016–2019 series lari notes were produced in collaboration with Oberthur Technologies, Giesecke+Devrient and De La Rue.

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.{{cite web|title=The Term of Circulation for GEL Banknotes of 1995-99 Issue Expired in 2022|url=https://nbg.gov.ge/en/media/news/the-term-of-circulation-for-gel-banknotes-of-1995-99-issue-expired-in-2022|website=National Bank of Georgia|date=5 January 2022|access-date=8 January 2024}}{{cite news|title=Circulation term of 1995-99 GEL banknotes expires|url=https://agenda.ge/en/news/2022/23|newspaper=agenda.ge|date=5 January 2022|access-date=8 January 2024}}

{{Exchange rate|GEL|RUB|TRY}}

{{n-start|title=Georgian kupon lari}}

{{n-before|currency=Georgian kupon lari|ratio=|reason=Replacement of the Soviet and Russian ruble with a transitional currency}}

{{n-currency|location=Georgia|start=April 5, 1993|end=October 2, 1995}}

{{n-after|currency=Georgian lari|ratio=1 Georgian lari = 1,000,000 Georgian kuponi|reason=Hyperinflation}}

{{end}}

{{n-start|title=Georgian lari}}

{{n-before|currency=Georgian kuponi lari|reason=Hyperinflation|ratio=1 Georgian lari = 1,000,000 Georgian kuponi lari}}

{{n-currency|location=Georgia|start=October 2, 1995}}

{{n-after}}

{{end}}

• Economy of Georgia (country)
• Larization

{{Reflist}}

{{commons category|Money of Georgia}}

• [http://www.nbg.gov.ge/index.php?m=111 Georgian money, National Bank of Georgia]
• [http://banknoter.com/s/georgia Banknotes of Georgia: Georgian Lari Catalog]
• {{CISCoins|Georgia}}
• [http://www.bis-ans-ende-der-welt.net/Georgien-B-En.htm The banknotes of Georgia] {{in lang|en|de}}

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Category:Currencies of Europe

Category:Economy of Georgia (country)

Category:Currencies introduced in 1995

Category:Currency symbols

Category:Currencies of Asia

Category:Circulating currencies