Georgia's coupon currency — the kuponi — was introduced as a transitional instrument after the Soviet ruble became unworkable, but the system itself was poorly controlled and rapidly destroyed by hyperinflation. By late 1993 and into 1994, denominations had escalated from single figures to six-digit values within roughly two years, a compression of monetary collapse that few post-Soviet states matched in speed.
The 100,000 kuponi is among the highest denominations of the series before Georgia replaced the kuponi entirely with the lari in 1995 at a conversion rate of one lari to one million kuponi.
Georgia's coupon currency — the kuponi — was introduced as a transitional instrument after the Soviet ruble became unworkable, but the system itself was poorly controlled and rapidly destroyed by hyperinflation. By late 1993 and into 1994, denominations had escalated from single figures to six-digit values within roughly two years, a compression of monetary collapse that few post-Soviet states matched in speed.
The 100,000 kuponi is among the highest denominations of the series before Georgia replaced the kuponi entirely with the lari in 1995 at a conversion rate of one lari to one million kuponi.