Georgian lari

Georgian lari is the official currency of Georgia (country), introduced on October 2, 1995, by the National Bank of Georgia to replace the temporary coupons, and is used for transactions in Tbilisi, Kutaisi, and other cities. The introduction of the lari was a significant step towards stabilizing the economy of Georgia, with support from international organizations such as the International Monetary Fund and the World Bank. The lari is named after the Georgian language word for "treasure", and its subunit, the tetri, is named after the Georgian language word for "white". The lari is used by Georgian people in their daily lives, including for transactions at the Tbilisi Central Market and the Kutaisi Market.

● Introduction

The Georgian lari is the fifth currency to be introduced in Georgia (country) since it gained independence from the Soviet Union in 1991, following the Georgian kuponi, the Georgian coupon, and the Russian ruble. The lari is issued by the National Bank of Georgia, which is headquartered in Tbilisi and has branches in Kutaisi, Batumi, and other cities. The lari is used for transactions at the Tbilisi International Airport, the Kutaisi International Airport, and the Batumi International Airport. The lari is also used by Georgian people living in Abkhazia and South Ossetia, as well as by Russian people and Turkish people living in Georgia (country).

● History

The history of the Georgian lari dates back to 1991, when Georgia (country) gained independence from the Soviet Union and introduced the Georgian kuponi as its first currency. However, the kuponi was replaced by the Georgian coupon in 1993, which was then replaced by the lari in 1995. The introduction of the lari was supported by international organizations such as the International Monetary Fund, the World Bank, and the European Bank for Reconstruction and Development. The lari has undergone several redenominations since its introduction, including a major redenomination in 2006, which was supported by the National Bank of Georgia and the Government of Georgia. The lari is also used by Georgian people living in United States, Germany, and other countries.

● Coins

The coins of the Georgian lari are issued by the National Bank of Georgia and are minted by the Monnaie de Paris and other mints. The coins are available in denominations of 1, 2, 5, 10, 20, and 50 tetri, as well as 1 and 2 lari. The coins feature images of Georgian people, such as King David IV of Georgia and Shota Rustaveli, as well as images of Georgian landmarks, such as the Tbilisi Sioni Cathedral and the Kutaisi Gelati Monastery. The coins are used for transactions at the Tbilisi Central Market and the Kutaisi Market, as well as at other markets and bazaars throughout Georgia (country).

● Banknotes

The banknotes of the Georgian lari are issued by the National Bank of Georgia and are printed by the De La Rue and other banknote printers. The banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 lari. The banknotes feature images of Georgian people, such as King David IV of Georgia and Shota Rustaveli, as well as images of Georgian landmarks, such as the Tbilisi Sioni Cathedral and the Kutaisi Gelati Monastery. The banknotes are used for transactions at the Tbilisi International Airport, the Kutaisi International Airport, and the Batumi International Airport, as well as at other airports and seaports throughout Georgia (country).

● Currency exchange

The Georgian lari is exchangeable with other currencies, such as the United States dollar, the Euro, and the Russian ruble, at currency exchange offices and banks throughout Georgia (country). The exchange rate of the lari is determined by the National Bank of Georgia and is influenced by factors such as the inflation rate and the interest rate. The lari is also exchangeable with other currencies at airports and seaports, as well as at border crossings with Turkey, Armenia, and Azerbaijan. The lari is used by Georgian people living in Abkhazia and South Ossetia, as well as by Russian people and Turkish people living in Georgia (country).

● Economic impact

The introduction of the Georgian lari has had a significant impact on the economy of Georgia, with the lari being used for transactions in Tbilisi, Kutaisi, and other cities. The lari has helped to stabilize the economy of Georgia and has supported the growth of trade and investment in the country. The lari is used by Georgian people in their daily lives, including for transactions at the Tbilisi Central Market and the Kutaisi Market. The lari is also used by tourists visiting Georgia (country), including those visiting the Tbilisi Old Town and the Kutaisi Historical District. The lari has been recognized by international organizations such as the International Monetary Fund and the World Bank as a stable and reliable currency.