Georgian lari

Georgian lari
₾
The lari (ლარი; ISO 4217: GEL) is the currency of Georgia. It is divided into 100 tetri (თეთრი). 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 rouble (მანეთი, maneti), abazi (აბაზი), and Georgian coupon or kuponi (კუპონი).

Georgia replaced the Russian ruble on 5 April 1993, with the kuponi (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, 3000, 30,000 and 150,000 kuponi.

Country
  • Georgia
    Georgia (საქართველო, ) is a transcontinental country at the intersection of Eastern Europe and Western Asia. It is part of the Caucasus region, bounded by the Black Sea to the west, Russia to the north and northeast, Turkey to the southwest, Armenia to the south, and by Azerbaijan to the southeast. The country covers an area of 69700 km2, and has a population of 3.7 million people. Tbilisi is its capital and largest city, home to roughly a third of the Georgian population.

    During the classical era, several independent kingdoms became established in what is now Georgia, such as Colchis and Iberia. In the early 4th century, ethnic Georgians officially adopted Christianity, which contributed to the spiritual and political unification of the early Georgian states. In the Middle Ages, the unified Kingdom of Georgia emerged and reached its Golden Age during the reign of King David IV and Queen Tamar in the 12th and early 13th centuries. Thereafter, the kingdom declined and eventually disintegrated under the hegemony of various regional powers, including the Mongols, the Turks, and various dynasties of Persia. In 1783, one of the Georgian kingdoms entered into an alliance with the Russian Empire, which proceeded to annex the territory of modern Georgia in a piecemeal fashion throughout the 19th century.