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Georgia Currency

ISO 4217 code
GEL
Central bank
National Bank of
Georgia
 Website
www.nbg.gov.ge
User(s)
Georgia
Inflation
-0.9%
 Source
The World Factbook,
2012 est.
Subunit
 1/100
tetri
Symbol

Coins
1, 2, 5, 10, 20, 50 tetri,
1, 2 lari
Banknotes
 Freq. used
5, 10, 20, 50 lari
 Rarely used
1, 2, 100, 200 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
(meaning 'white') used
in ancient Colchis from
the 6th century BC.
Earlier, Georgian
currencies include the
maneti and abazi.
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.
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.


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