100 GEL banknotes most counterfeited in Georgia
In 2018, 9,030 suspicious banknotes and coins were examined and 6,737 were found to be fake. Photo:Nino Alavidze/Agenda.ge.
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Banknotes worth 100 GEL have been found to be the most commonly counterfeited in Georgia, says the annual report of the National Bank, followed by 50 GEL and 20 GEL notes.
In 2018, 9,030 suspicious banknotes and coins were examined and 6,737 were found to be fake.
Of the bills examined, 4,865 were GEL banknotes and 870 were GEL coins. The other bills examined were 608 USD banknotes, 198 EUR banknotes and 196 of other currencies.
Fake 200, 10 and 5 GEL banknotes were also revealed.
The National Bank of Georgia says the number of fake GEL banknotes reduced by 5.5% in 2018 in comparison to 2017.
Georgia currently owes $17.8 billion in external debt, and this amount is increasing, says the National Bank of Georgia (NBG).
This year the National Bank of Georgia (NBG) is celebrating the 100th anniversary of its foundation with number of events planned throughout the year.
The National Bank of Georgia (NBG) has issued a 5 GEL (Georgian lari) collector coin, dedicated to the 100th anniversary of issuance of the first Georgian National postage stamp.
Twenty-five currency exchange offices have been closed and 10 have been fined in Georgia’s capital city of Tbilisi for not abiding by the rule of registration and regulations set by the National Bank of Georgia (NBG) in 2016.
The Tax Monitoring Department of the Georgian Revenue Service have found goods worth 23,640 lari ($8,580.76/€7,689.31) falsely marked with the Massimo Dutti brand.
The National Bank of Georgia will release new 10 GEL bills starting October 1. Old banknotes will remain valid tender. President of the National Bank of Georgia Koba Gvenetadze presented the new banknotes today.