Georgian kuponi

Georgian kuponi

ქართული კუპონი
1 million kuponi (1 lari; 1994)
ISO 4217
Code	GEK
Plural	The language(s) of this currency do(es) not have a morphological plural distinction.
Denominations
Banknotes	1, 3, 5, 10, 50, 100, 250, 500, 1000, 2000, 3000, 5000, 10000, 20000, 25000, 30000, 50000, 100000, 150000, 250000, 500000, 1000000 kuponi
Demographics
Date of introduction	5 April 1993
User(s)	Georgia (except Abkhazia and South Ossetia)
Issuance
Central bank	National Bank of Georgia
Website	www.nbg.gov.ge
Valuation
Inflation	Unknown; at least 50%

The kuponi (Georgian: კუპონი; ISO 4217: GEK) was the currency of Georgia. It was introduced on 5 April 1993, replacing the Russian ruble at par. This currency was temporary, with no coins nor subdivisions. It also suffered from hyperinflation.

Banknotes

Kuponi banknotes were issued in five series: four in 1993 and one in 1994. Each denomination was introduced in no more than two series.

First 1993 series

• 
  5 kuponi
• 
  10 kuponi
• 
  50 kuponi
• 
  100 kuponi
• 
  500 kuponi
• 
  1000 kuponi
• 
  5000 kuponi
• 
  10 000 kuponi

Second 1993 series

• 
  1 kuponi
• 
  3 kuponi
• 
  5 kuponi
• 
  10 kuponi
• 
  50 kuponi
• 
  100 kuponi

Third 1993 series

• 
  10 000 kuponi
• 
  25 000 kuponi
• 
  50 000 kuponi
• 
  100 000 kuponi

Fourth 1993 series

• 
  250 kuponi
• 
  2000 kuponi
• 
  3000 kuponi
• 
  20 000 kuponi

1994 series

• 
  20 000 kuponi
• 
  30 000 kuponi
• 
  50 000 kuponi
• 
  100 000 kuponi
• 
  150 000 kuponi
• 
  250 000 kuponi
• 
  500 000 kuponi
• 
  1 000 000 kuponi

Abandonment

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.

References

Georgian kuponi

Preceded by: Russian ruble Reason: introduction of temporary currency Ratio: 1 kuponi = 1 ruble

Currency of Georgia 5 April 1993 – 2 October 1995

Succeeded by: Georgian lari Reason: hyperinflation Ratio: 1 lari = 1,000,000 kuponi