The kuponi (Georgian: კუპონი k’up’oni, coupon; ISO 4217: GEK) was the currency of Georgia.
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It was introduced on 5 April 1993, replacing the Russian ruble at par. This currency was temporary, with no coins nor subdivisions. It also suffered from hyperinflation.
ქართული კუპონი (Georgian) | |
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ISO 4217 | |
Code | GEK |
Plural | The language(s) of this currency do(es) not have a morphological plural distinction. |
Denominations | |
Banknotes | 1, 3, 5, 10, 50, 100, 250, 500, 1,000, 2,000, 3,000, 5,000, 10,000, 20,000, 25,000, 30,000, 50,000, 100,000, 150,000, 250,000, 500,000, 1,000,000 kuponi |
Demographics | |
Date of introduction | 5 April 1993 |
Replaced | Russian rouble (1 RUR = 1 GEK) |
Date of withdrawal | 2 October 1995 |
Replaced by | Georgian lari (1 GEL = 1,000,000 GEK) |
User(s) | Georgia (except Abkhazia and South Ossetia) |
Issuance | |
Central bank | National Bank of Georgia |
Website | www |
Valuation | |
Inflation | Unknown; at least 50% |
This infobox shows the latest status before this currency was rendered obsolete. |
Kuponi banknotes were issued in five series: four in 1993 and one in 1994. Each denomination was introduced in no more than two series.
On 2 October 1995, the government of Eduard Shevardnadze replaced the provisional coupon currency with the lari, at a rate of one million to one. It has remained fairly stable since then.
Preceded by: Russian rouble Reason: introduction of temporary currency Ratio: 1 kuponi = 1 rouble | Currency of Georgia 5 April 1993 – 2 October 1995 | Succeeded by: Georgian lari Reason: hyperinflation Ratio: 1 lari = 1,000,000 kuponi |
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