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ARTICLE · 29 JULY 2024

The Lari: A Pillar Of Georgia's Economic Stability

The Georgian lari (symbol: ₾, code: GEL) has a rich history as the official currency of Georgia.

GlobalStrategy

The Georgian lari (symbol: ₾, code: GEL) has a rich history as the official currency of Georgia. Before the lari came into existence, various currencies influenced by the Persian, Byzantine, and Ottoman empires were used in the region during ancient to early modern times.

During the 19th to early 20th century, when Georgia was under Russian Empire control, the Russian ruble was the primary currency used. Following the Russian Revolution, the short-lived Transcaucasian Democratic Federative Republic, which included Georgia, issued its own currency known as the Transcaucasian ruble.

Throughout its time as part of the Soviet Union from, Georgia used the Soviet ruble as its currency. In 1922, the Georgian Soviet Socialist Republic (GSSR) issued denominations ranging from 5,000 to 5 million maneti. The term "maneti" was derived from the Latin word "moneta," meaning coin, and was used as the Georgian name for the Soviet ruble. The Birth of the Lari and its Rise to

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