20 Lari

The 20 Lari denomination sits in the middle of Georgia's post-Soviet banknote hierarchy, a range that was substantially redesigned in the 2016 series to bring security specifications closer to modern European standards. Cotton substrate with a security thread and watermark is a relatively modest package by contemporary central bank benchmarks — no color-shifting ink, no raised print called out in the specification — which likely reflects a pragmatic cost-to-denomination calculation rather than oversight.

P#78 covers a six-year print window, meaning multiple print runs from at least one contractor are bundled under the same Pick number. Signature varieties exist within the series corresponding to successive NBG governors.