50 Lari

Georgia's transition-era banknotes were produced under significant institutional pressure — the lari itself had only been introduced in 1995, replacing the short-lived coupon currency that had collapsed under hyperinflation. By 1999, the National Bank was still consolidating its series, and contracting the Canadian Bank Note Company reflected a deliberate policy of outsourcing to established Western security printers rather than relying on regional facilities with less credibility in international exchange.

The security specification on this issue is notably lean for a late-1990s fifty-unit denomination — watermark and thread only, without the optical variable devices that CBN was already applying to other clients' notes at the time.