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Lari Coin Lari Banknote

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.

Earlier Georgian currencies include the 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.

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
Coins are issued in denominations of 1, 2, 5, 10, 20 & 50 tetri, as well as 1 & 2 lari.

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