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Georgian lari

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Georgian lari

The lari (Georgian: ლარი, pronounced [ˈɫaɾi]; 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 maneti (Georgian: მანეთი), abazi (აბაზი), and kuponi (კუპონი).

Georgia replaced the Soviet ruble on 5 April 1993, with the kuponi (Georgian: 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, 3,000, 30,000 and 150,000 kuponi.

On 2 October 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.

The NBG announced the Lari sign competition in December 2013. The temporary commission consisted of representatives of NBG, the Budget and Finance Committee of the Parliament of Georgia, the State Council of Heraldry, the Ministry of Culture and Monument Protection of Georgia and the Ministry of Education and Science of Georgia.

On 8 July 2014, Giorgi Kadagidze, Governor of the National Bank of Georgia (NBG), unveiled the winning proposal for the sign of the national currency to the public. The author of the winning sign was professional artist-ceramist, Malkhaz Shvelidze.

In choosing the winning sign, the commission gave priority to the samples based on the Georgian Mkhedruli character and made a point of the following criteria: conception, design, accordance with Georgian alphabet, existence of elements marking the currency, ease of construction, and observance of requests and recommendations determined by competition rules.

The Lari sign is based on an arched letter (Lasi) of the Georgian script. It is common international practice for a currency sign to consist of a letter, crossed by one or two parallel lines. Two parallel lines crossing the letter Lasi are the basic components of the Lari sign. The so-called “leg” of the letter, represented by a horizontal line, is a necessary attribute of the sign, adding monumental stability to the upper dynamic arc. The form of the letter is transformed in order to simplify its perception and implementation as a Lari sign.

On 18 July 2014, Giorgi Melashvili, executive director of the National Bank of Georgia, sent a request letter to the Unicode Consortium to register the symbol in the Currency Symbols block of the Unicode Standard as

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