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1 000 000 Kuponi

Issuer National Bank of Georgia
Year 1994
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Reference(s) P#52
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Reverse description The central field is dominated by the large numeral 1000000, framed above and below by Georgian script denomination inscriptions. Ornate vignettes of grapevine bunches with decorative acanthus scrollwork occupy all four corners of the note, rendered in red intaglio-style print against a light guilloche background.
Reverse lettering ერთი მილიონი 1 000 000 ერთი მილიონი
(Translation: One Million)
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Georgia's coupon currency — the kuponi — was introduced as a transitional instrument after independence, initially circulating alongside the Soviet ruble before replacing it entirely. By 1994, inflation had reached such severity that million-denomination notes were a practical necessity, not an anomaly. The kuponi was itself replaced by the lari in 1995 at a rate of one million kuponi to one lari, which tells you exactly where things stood.

A watermark is the sole security feature on a note of this face value — a detail that reflects the stripped-down production circumstances of the period rather than any deliberate design choice.