5 Lari

Georgia's 1999 banknote series was printed shortly after the country had stabilized its currency following the catastrophic hyperinflation of the early 1990s, when the transitional coupon — the kuponi — lost virtually all value before the lari was introduced in 1995. The 5 lari denomination in this series was printed by the Canadian Bank Note Company, one of several foreign security printers Georgia contracted during this period before developing domestic printing capacity.

Watermark-only security on a late-1990s issue is notably light for the denomination, reflecting the constraints of a young central bank still building its anti-counterfeiting infrastructure.