Georgian lari

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Template:Short description Template:Use dmy dates Template:Infobox currency The lari (Template:Lang-ka, {{#invoke:IPA|main}}; ISO 4217: GEL) is the currency of Georgia. It is divided into 100 tetri ({{#invoke:Lang|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 (Template:Lang-ka), abazi ({{#invoke:Lang|lang}}), and kuponi ({{#invoke:Lang|lang}}).

Kuponi

{{#invoke:Labelled list hatnote|labelledList|Main article|Main articles|Main page|Main pages}} Georgia replaced the Soviet ruble on 5 April 1993, with the kuponi (Template:Lang-ka) 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,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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

Template:Contains special characters

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.<ref name="Lari sign">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The author of the winning sign was professional artist-ceramist, Malkhaz Shvelidze.<ref name="Lari sign"/>

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.<ref name="Lari sign"/>

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.<ref name="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<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

On 17 June 2015, the Unicode Consortium released<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Unicode V8.0, which includes the Lari sign as

Template:Unichar<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref> 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 5Template:Clarify.<ref>Template:Cite news</ref>

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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref><ref>Template:Cite news</ref>

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:
{{#invoke:Lang|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:
Template:Small 		Value Coat of arms; sun beams;
year of issue; lettering:
{{#invoke:Lang|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:
{{#invoke:Lang|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
Template:Standard coin table notice

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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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 Template:Small 		2017 1 Sep 2017
File:10LariObverse.png File:10LariReverse.png ₾10 127 × 64 Blue Akaki Tsereteli;
Tsereteli's poem Spring 		Imereti - My Mother
Template:Small 		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 Template:Small 		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
Template:Standard banknote table notice

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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref>

Image Value Dimensions
(mm) 		Main
colour 		Description Issued
from 		First
issued<ref>Template:Cite book</ref>
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
Template:Small
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 Template:Small
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
Template:Standard banknote table notice

Template:Exchange rate

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See also

References

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