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Georgian Lari Among the Best New Global Banknotes

Georgian Lari Among the Best New Global Banknotes

Georgian lari  has won Oscar of Paper Currency fordesign of monetary banknotes.

“On the front is Queen Tamar, who ruled the country from 1184 to 1213, a period known as the “Georgian Golden Age.” The note has a holographic stripe and a magenta-to-green security thread”- writes Bloomberg.

The International Bank Note Society was founded in 1961 by a group of people who collected, traded, sold, and admired rare paper currency. It wasn’t a large community. For decades, the IBNS’s activities extended more or less to a trade journal, a membership directory, an annual mail-bid auction, and networking events. Meanwhile, the rare-coin trade was big and getting bigger, growing into what the Professional Numismatists Guild estimates to be a $5 billion business.

In 2005 the IBNS members had chosen the first annual “Bank Note of the Year.” IBNS members are about to vote for the best bill of 2016. Among the nominees—see the following—are entries from England, Switzerland, and Georgia, whose 50-lari note is full of medieval iconography. Lutz won’t tip his hand, but he says patterns do emerge among admirers of paper (and, now, polymer-based) currency.