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100 000 Kuponi

Issuer National Bank of Georgia
Year 1994
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Currency Kuponi (1993-1995)
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Obverse lettering კუპონი საქართველოს ეროვნული ბანკი 1994 100000 ასი ათასი
(Translation: Kuponi, National Bank of Georgia, 1994, 100000, One Hundred Thousand)
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Variants P#48Aa - printed on old paper stock (security thread, large rhomboid watermark)
P#48Ab - printed on new paper (thin elongated rhomboid watermark)
Comments

The kuponi was Georgia's transitional currency, introduced after independence when the Soviet ruble collapsed but before the country could stabilize enough to launch a permanent monetary system. Rampant inflation drove denominations into the hundreds of thousands almost immediately — this 100,000 note, issued in 1994, was a direct consequence of that spiral, not an outlier.

The printed date of 30 April 1945 is a watermark date inherited from the paper stock itself, not a misprint or error in the conventional sense. Georgian kuponi notes were produced on pre-existing security paper, and that manufacturing date embedded in the substrate has caused persistent confusion among collectors ever since.