Georgian lari

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Georgian lari
ქართული ლარი (Georgian)
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, while 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

Current GEL exchange rates
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[edit] See also

[edit] References

  1. ^ National Bank of Georgia. Money Museum. Retrieved on 2006-12-30.
  2. ^ National Bank of Georgia. Lari banknotes. Retrieved on 2006-12-30.

[edit] External links

az:Gürcü larisi bs:Gruzijski lari br:Lari (Jorjia) bg:Лари (парична единица) ca:Lari (moneda) cv:Лари cs:Gruzínské lari de:Georgischer Lari et:Lari es:Lari (unidad monetaria) fr:Lari (monnaie) ko:그루지야 라리 hr:Gruzijski lari bpy:জর্জিয়ান লরি id:Lari (Georgia) it:Lari georgiano he:לארי גאורגי ka:ქართული ლარი hu:Grúz lari nl:Lari (munteenheid) ja:ラリ nds:Lari (Währung) pl:Lari (waluta) pt:Lari (moeda) ru:Лари sr:Лари sh:Gruzijski lari fi:Georgian lari sv:Lari tg:Лари Гурҷистон tr:Gürcistan Larisi zh:拉里

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