Georgian 1 and 2 tetri coins to be taken out of circulation
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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.
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.
To note, a rule rounding out change given in stores came into play in Georgia on January 1, 2019. Based on the new rule, 1- and 2-tetri coins have been rounded to 0, while 3,4,6 and 7 tetris were rounded to 5. The new rule applied to payment by cash only.
The NBG said that this rule does not imply price changes on products and services.
1- and 2-tetri coins were issued in 1993.
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).
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) 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? Exchange them at the National Bank of Georgia (NBG) as 50 tetri cons have already lost their status as legal tender.