Lari

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Lari
ლარი
Lari banknotes
Lari banknotes
ISO 4217 code VAL
Central bank Bank of Varkana
User(s)  Varkana
Deflation 0.53% (1714)
Subunit
1/100 Tetri
Symbol
Plural lari
Coins 5, 10 & 25 tetri, 1 & 2 lari
Banknotes 5, 10, 20, 50 & 100 lari
Printer Bank of Varkana

The lari (Kartvelian: ლარი; sign: ლ; code: VAL) is the currency and legal tender of Varkana. The name lari is an old Kartvelian word denoting a hoard, property, while tetri is an old Kartvelian monetary term (meaning 'white') used in the 6th century BC.

History

Before the Varkan revolution

Modern history

Exchange rate

The exchange rate of the lari against other currencies in Adonia is dependent on the monetary policy pursued by Varkana. The lari is based on the energy standard, which is a monetary system where the standard economic unit of account is based on a fixed quantity of energy, whereas the lari was equivalent in September 2014 to 12.04 kWh of electricity, while in June 2015 it went up to 12.12 kWh, a 0.66% deflation in that period.

Coins

Lari coins
Image Value Technical parameters Description
Obverse Reverse Diameter Thickness Mass Composition Edge Obverse Reverse
5თ 18.03 mm 1.22 mm 1.75 g 92% steel
5.5% copper
2.5% nickel plating
Plain, formerly 12-sided Seal of Varkana Wolf
10თ 21.2 mm 1.76 mm 3.95 g 94.5% steel
3.5% copper
2% nickel plating
Milled. wikipedia:person
25თ 23.88 mm 1.58 mm 4.4 g 94% steel
3.8% copper
2.2% nickel plating
wikipedia:person
66px 66px 1ლ 26.5 mm
11 curved sides
1.75 mm 7 g 91.5% nickel
8.5% bronze plating
  (88% copper, 12% tin)
Plain, formely 11-sided Seal of Varkana wikipedia:person
align="center" Template:Coin-silver-color | align="center" Template:Coin-silver-color | Template:Coin-silver-color | 2ლ Template:Coin-silver-color | 28 mm 1.8 mm 7.3 g Ring: 99% nickel
Centre: 92% copper
               6% aluminium
               2% nickel
Intermittent milled/smooth/edge lettered wikipedia:person
Template:Standard coin table notice

Banknotes

Banknotes of the lari (2010-present issue)
Image Value Obverse Reverse Remark Date of issue
5 lari bill.png 5 lari Inga Korsantia; skyline of Klow Borjgali October 20, 2010
10 lari bill.png 10 lari Ana Kalanda; fjords Borjgali October 20, 2010
20 lari bill.png 20 lari Juls Dadiani; The Bathers by Lado Gudiashvili Borjgali October 20, 2010
50 lari bill.png 50 lari Giorgi Ramishvili; Varkan mountains Borjgali December 15, 2010
100 lari bill.png 100 lari Bessarion Makharadze; Several panduri Borjgali October 29, 2010