The kuponi (Georgian: კუპონი k’up’oni, "coupon"; 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.

Georgian kuponi
ქართული კუპონი (Georgian)
1 million kuponi (1 lari; 1994)
ISO 4217
CodeGEK
PluralThe language(s) of this currency do(es) not have a morphological plural distinction.
Denominations
Banknotes1, 3, 5, 10, 50, 100, 250, 500, 1,000, 2,000, 3,000, 5,000, 10,000, 20,000, 25,000, 30,000, 50,000, 100,000, 150,000, 250,000, 500,000, 1,000,000 kuponi
Demographics
Date of introduction5 April 1993
ReplacedRussian rouble (1 RUR = 1 GEK)
Date of withdrawal2 October 1995
Replaced byGeorgian lari (1 GEL = 1,000,000 GEK)
User(s) Georgia (except  Abkhazia and  South Ossetia)
Issuance
Central bankNational Bank of Georgia
 Websitewww.nbg.gov.ge
Valuation
InflationUnknown; at least 50%
This infobox shows the latest status before this currency was rendered obsolete.

Banknotes

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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

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Second 1993 series

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Third 1993 series

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Fourth 1993 series

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1994 series

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Abandonment

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On 2 October 1995,[1] 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

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  1. ^ "Lari banknotes". National Bank of Georgia. Retrieved 2006-12-30.
Georgian kuponi
Preceded by:
Russian rouble
Reason: introduction of temporary currency
Ratio: 1 kuponi = 1 rouble
Currency of Georgia
5 April 1993 – 2 October 1995
Succeeded by:
Georgian lari
Reason: hyperinflation
Ratio: 1 lari = 1,000,000 kuponi