Saturday, July 17, 2010
Coins from Georgia ...
Georgia's currency unit is Lari (GEL), which is divided into 100 Tetri.
On 5 Apr 1993, Georgia replaced the Russian ruble with Kupon Lari at par. This currency consisted only of banknotes, had no subdivisions and suffered from hyperinflation.
On 2 Oct 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 are issued in denominations of 1, 2, 5, 10, 20 & 50 Tetri, as well as 1 & 2 Lari.
* Obverse - The Borjgali (a Georgian symbol of the Sun with seven rotating wings) over the Christian Tree of Life.
* Reverse - 1 Tetri (vine tendril), 5 Tetri (golden statue of lion from 3rd millennium B.C. barrow of the Alazani valley) & 10 Tetri (Saint George riding the lion, 11th century silver plate gilded with gold from the Gelati Monastery).