Time Period: 1802-1835

Timeline

  • 02.11.1802
  • JD:21.10.1802
  • Authorization of the Georgian coinage; effective immediately (?)
  • 1804-1835
  • Operations of the Tbilisi Mint:
    - 27.09.1804 [JD:15.09.1804]: Inauguration of the mint
    - 25.02.1834 [JD:13.02.1834]: End of minting operations
    - 26.08.1835 [JD:14.08.1835]: Closure of the mint
    - The Georgian coins were not demonetized after 1834.
  • 25.09.1804
  • JD:13.09.1804
  • Mint instruction, specifies the issuance of subsidiary coins in silver and copper; effective immediately:
    - Silver: Abazi (= 20 Russian Kopeks) at 71 Russian doli silver 8896 (2'891.97mg AG fine)
    - Copper: Bisti of 400 Dinars (= 2 Russian Kopeks) at 126 Russian zolotnik copper (15.50g CU).
  • 25.08.1810
  • JD:13.08.1810
  • Mint instruction, terminates the issuance of copper coins; effective immediately


Time Period: 1918-1919

Currency: 1st Transcaucasian Ruble


Timeline

  • 29.01.1918
  • Government Decree of the Transcaucasian Commissariat on Issuance of paper money (for Armenia, Azerbaijan, and Georgia)
  • 05.02.1918
  • Start of issuance of the new paper money ("Transcaucasian coupons")

Valuation Regimes

  • 1918-1919
  • Potentially variable rates against other Russian (local) currencies determined as demand and supply


Time Period: 1919-1923

Currency: Georgian Ruble (Manat)


Timeline

  • 11.07.1919
  • Government decree on the issuance of provisional paper money; effective immerdiately (?)
  • June 1920
  • Project for the creation of a Georgian currency "Marchili": sketches for the future paper money and coins were produced, but the issuance could not be pursued.

Valuation Regimes

  • 1919-1923
  • Variable rates against other Russian (local) and Transcaucasian currencies


Time Period: 1923-1924

Currency: 2nd Transcaucasian Ruble


Timeline

  • 10.01.1923
  • Government decree of the Transcaucasian Federation (within USSR) to reform and unify the currencies of Armenia, Azerbaijan, and Georgia; effective immediately
  • ??.??.1923
  • Start of issuance of the Transcaucasian banknotes (unclear if the Armenian paper money was demonetized or continued to circulate at a fixed ratio)

Valuation Regimes

  • 1923-1924
  • Variable rates against other (local) currencies within the USSR


Time Period: 1924-1993

Timeline

  • 18.02.1924
  • Government decree of the Transcaucasian Federation to adopt the Soviet currency reform of 05.02.1924; effective 07.03.1924
  • 04.04.1924
  • Government decree of the Transcaucasian Federation to set the ratio against the Soviet Ruble (1924) at 1 : 12'500'000'000; effective 15.04.1924
  • 15.04.1924
  • Start of currency exchange:
    - 15.04.1924: Start of issuance of Soviet banknotes and coins
    - 31.07.1924: Demonetization of the Transcaucasian (Armenian) currency.


Time Period: 1993-1995

Currency: Georgian Coupon


Timeline

  • 19.11.1993
  • Government resolution on the introduction of a transitional currency; effective 01.04.1993
  • 05.04.1993
  • Start of currency exchange:
    - 05.04.1993: Start of issuance of the new paper money which initially circulated alongside the Russian currency
    - 02.08.1993: Demonetization of the Russian currency.

Valuation Regimes

  • 1993
  • Fixed against Russian Ruble (1992)
  • 1993-1995
  • Variable rate, highly inflationary
  • 1995
  • Fixed against US Dollar

Rate Arrangements

  • 01.04.1993
  • Fixed
  • Russian Ruble (1992) at 1 : 1
  • ±0.0%
  • 01.04.1993
  • Variable
  • initially: Russian Ruble (1992) at 1 : 5.50
  • -81.1%
  • 23.01.1995
  • Fixed
  • US Dollar at 1 : 1'300'000
  • -


Time Period: 1995-

Currency: Georgian Lari


Timeline

  • 16.09.1995
  • Presidential decree [No. N-363] on the currency reform; effective 25.09.1995
  • 25.09.1995
  • Start of currency exchange:
    - 25.09.1995: Start of issuance of the new banknotes and coins
    - 02.10.1995: Demonetization of the former currency.

Valuation Regimes

  • 1995-
  • Variable rate

Rate Arrangements

  • 25.09.1995
  • Variable
  • initially: US Dollar at 1 : 1.30
  • ±0.0%


End-year Forex Rates (Units per US Dollar)