50 Lari

Georgia's 1995 series was the country's first fully independent national currency, introduced after the chaotic transitional "coupon" period of 1993–1994 when the mkhari and then the lari coupon circulated amid hyperinflation that at its peak exceeded 7,000 percent annually. The permanent lari, introduced in September 1995, replaced coupons at 1,000,000 to one — a ratio that tells you everything about what preceded it.

Giesecke & Devrient had become the default printer for several post-Soviet states navigating new monetary identities in the 1990s. The security specification here is notably thin for the period — watermark only, no security thread — reflecting the budget constraints of a newly independent state ordering its first sovereign issue.