20 Lari

Georgia's 1999 banknote series, of which this is part, was produced as the country worked to stabilize the lari following its introduction in 1995 — itself a replacement for the short-lived kupon lari, which had collapsed under hyperinflation reaching tens of thousands of percent annually in the early post-Soviet years. The lari's introduction was a deliberate break from that chaos, backed by IMF support and a currency board-style discipline that the kupon had never had.

Giesecke & Devrient handled production of the early lari series, a common choice for post-Soviet states building credible note programs from scratch.