The lari 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 manetiabazi, and Georgian coupon or kuponi (მანეთიაბაზი and კუპონი, respectively).


Georgia replaced the Russian ruble on 5 April 1993, with the kuponi (Georgianკუპონი) 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.

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