From the 16th century until 1835, Persian coins "abazi" were in circulation in Georgia, since 1835 - Russian rubles, then - Soviet rubles. In 1993-1995 coupons were used. Lari with the GEL ticker is the Georgian currency used in circulation on the territory of Georgia since 1995. Lari is paper and metal. One lari consists of 100 tetri. Today coins of 1, 2, 5, 10, 20, 50 tetri, 1 lari, 2 lari and 10 lari and banknotes of 1, 2, 5, 10, 20, 50, 100 and 200 lari are in circulation. The name of the currency originates from the ancient Georgian word "lari" and means "treasure".