Stores begin rounding out Georgian 1, 2-tetri coins
1- and 2-tetri coins will lose their status as legal tender and be taken out of circulation in January 2022. Photo: Agenda.ge.
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A rule rounding out change given in stores came into play in Georgia starting January 1, 2019.
Based on the new rule, 1 and 2 tetri coins will be rounded to 0, while 3,4,6 and 7 tetris will be rounded to 5.The new rule applies to payment by cash only.
The National Bank of Georgia (NBG) clarifies that this rule does not imply price changes on products and services.
1- and 2-tetri coins will lose their status as legal tender and be taken out of circulation in January 2022.
It will be possible to use these coins until the end of 2020. From January 1 of 2021, the NBG will allow those who will still hold the 1 and 2 tetri coins to exchange them at commercial banks.
1-and 2-tetri coins were issued in 1993.
Still have an old, golden-coloured 50 Georgian tetri coin in your wallet? Exchange them at the National Bank of Georgia (NBG) as 50 tetri cons have already lost their status as legal tender.
The National Bank of Georgia (NBG) has issued a 10 GEL (Georgian lari) silver collector coin, dedicated to the 100th anniversary from the creation of the first Democratic Republic of Georgia in 1918.
The National Bank of Georgia (NBG) has issued a 5 GEL (Georgian lari) silver collector coin, dedicated to the 100th anniversary of the foundation of Tbilisi State University.
Still have an old, golden-coloured 50 Georgian tetri coin in your wallet? Well, you should spend it now, as these coins will soon be demonetised and will lose their status as legal tender.
The National Bank of Georgia (NBG) has issued a 5 GEL (Georgian lari) silver collector coin, dedicated to the 100th anniversary of Constituent Assembly of the Democratic Republic of Georgia (Parliament).
The National Bank of Georgia (NBG) announces that 1- and 2-tetri coins will lose their status as legal tender and be taken out of circulation in January 2022.