Georgian kuponi

The kuponi (Georgian: კუპონი k’up’oni, "coupon"; ISO 4217: GEK) was the currency of Georgia. 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.

Georgian kuponi

ქართული კუპონი (Georgian)
1 million kuponi (1 lari; 1994)
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.nbg.gov.ge
Valuation
Inflation	Unknown; at least 50%
This infobox shows the latest status before this currency was rendered obsolete.

Banknotes

Kuponi banknotes were issued in five series: four in 1993 and one in 1994. Each denomination was introduced in no more than two series.

First 1993 series

• 
  5 kuponi
• 
  10 kuponi
• 
  50 kuponi
• 
  100 kuponi
• 
  500 kuponi
• 
  1,000 kuponi
• 
  5,000 kuponi
• 
  10,000 kuponi

Second 1993 series

• 
  1 kuponi
• 
  3 kuponi
• 
  5 kuponi
• 
  10 kuponi
• 
  50 kuponi
• 
  100 kuponi

Third 1993 series

• 
  10,000 kuponi
• 
  25,000 kuponi
• 
  50,000 kuponi
• 
  100,000 kuponi

Fourth 1993 series

• 
  250 kuponi
• 
  2,000 kuponi
• 
  3,000 kuponi
• 
  20,000 kuponi

1994 series

• 
  20,000 kuponi
• 
  30,000 kuponi
• 
  50,000 kuponi
• 
  100,000 kuponi
• 
  150,000 kuponi
• 
  250,000 kuponi
• 
  500,000 kuponi
• 
  1,000,000 kuponi

Abandonment

On 2 October 1995,^[1] 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.

References

1. "Lari banknotes". National Bank of Georgia. Retrieved 2006-12-30.

Georgian kuponi

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