On October 2, 1995 the lari – the new Georgian national currency – entered circulation and was declared the only legal means of payment in the whole territory of Georgia. Banknotes with the face value 1, 2, 5, 10, 20, 50, and 100 lari were issued into circulation.
"Lari", the name chosen for the basic monetary unit of the Georgian national currency, is an old Georgian word denoting a hoard or property. And "tetri", the name of the 1/100 part of a lari, is an old Georgian monetary term used since the 13th century. In 1999, all denominations of the 1995 series were modified with new security features.
In 2002, the banknotes of the 1999 series with denominations of 1, 2, 5, 10, 20 lari (and in 2004, the 50 and 100 lari denominations) were once again modified and upgraded.
The obverse of the banknote features a portrait of Georgian composer Zakaria Paliashvili and legend "Zakaria Paliashvili 1871 - 1933". The left side features the overture notes of his opera "Abesalom and Eteri".
The reverse of the banknote features the building of Tbilisi’s Zakaria Paliashvili opera and ballet state theatre with the legend "Tbilisi National Opera and Ballet Theatre 1887".
The obverse of the banknote features a portrait of Ilia Chavchavadze, a prominent public figure, with the legend "Ilia Chavchavadze 1837-1907", the magazines "Sakartvelos Moambe" and "Iveria", which he founded, and some of his personal belongings.
The reverse of the banknote features the monument to King Vakhtang Gorgasali, the founder of Tbilisi; a map of Tbilisi in the 18th century (prepared by Vakhushti Bagrationi); and a panorama of old Tbilisi featuring the Narikala fortress.
The obverse of the banknote features a portrait of Shota Rustaveli, a Georgian poet, and the legend “Shota Rustaveli XII c.” A composition featuring angels raising a cross appears on the left hand side of the banknote.
REVERSE: The reverse of the banknote features a composition from the Biblical story “Daniel in the den of lions” from the Martvili monastery relief and the legend “Martvili VII c.”
OBVERSE: The portrait on the obverse of the banknote depicts a Georgian national hero, Kaikhosro (Kakutsa) Cholokashvili. The background of the banknote is enhanced with fragments of relief images of Georgian cultural artifacts.
REVERSE: The reverse of the banknote depicts the city of Sokhumi and relief fragments of the iconostasis found in the village of Tsebelda in the Gulribshi region.