Georgia to release new 10 GEL bills on October 1

The National Bank of Georgia will release new 10 GEL bills starting October 1, President of the National Bank of Georgia Koba Gvenetadze said today at the presentation of the new banknotes.

Bacha Malazonia is the author of the upgraded design. Old banknotes will remain valid tender, Agenda.ge reported.

Leading global companies in the field such as Giesecke + Devrient Currency Technology, Oberthur Fiduciaire and De La Rue were involved in the modernization process.

The National Bank of Georgia announced the modernization of the national currency’s banknotes in 2015, on the 20th anniversary of the Georgian Lari.