Oscars of Paper Currency: Georgian 50-GEL bank note among the nominees
02 December, 2016
Oscars of Paper Currency: Georgian 50-GEL bank note among the nominees
Bloomberg informs that "Yes, there’s an award for best bank note. No, the U.S. never wins."
And Georgian 50-lari bank note is among the nominees for the title.

Georgia 50 lari

On the front is Queen Tamar, who ruled the country from 1184 to 1213, a period known as the “Georgian Golden Age.” The note has a holographic stripe and a magenta-to-green security thread.

“The International Bank Note Society was founded in 1961 by a group of people who collected, traded, sold, and admired rare paper currency. It wasn’t a large community. For decades, the IBNS’s activities extended more or less to a trade journal, a membership directory, an annual mail-bid auction, and networking events. Meanwhile, the rare-coin trade was big and getting bigger, growing into what the Professional Numismatists Guild estimates to be a $5 billion business,” Bloomberg explains.
geotv.ge
“Then, in 2005, the IBNS made an announcement: Its members had chosen the first annual “Bank Note of the Year.” All bills introduced into general circulation the preceding year had been eligible; voters were instructed to choose the one with the best combination of artistry and security. The IBNS may have been tiny, but it knew how to stoke rivalry among the world’s mints. The news release crowning the winner, a Canadian $20 bill with a sublime portrait of Queen Elizabeth II, said it had “only just beat the new Faeroese 200-krone bank note,” which featured “a Ghost Moth printed in intaglio amongst blades of grass.” An obscure global tournament was born.

The Faeroe Islands avenged the loss the next year, and subsequent winners have included Bermuda, for a $2 bill with anticounterfeit features that belie its low face value, and the Comoros, for a 1,000-franc note bearing poetry. (“From our feelings, what you expect I understood / For it is a love that is so absolutely exclusive / That, not to lose you, I hereby consent.”) Kazakhstan reeled off a three-peat from 2011 to 2013. The U.S.’s staid greenbacks have never won. As the competition has gained more attention, IBNS President Dennis Lutz says proud governments have begun to get in touch, trying to handicap the chances of their new Maldivian rufiyaa and Macanese pataca.

IBNS members are about to vote for the best bill of 2016. Among the nominees—see the following—are entries from England, Switzerland, and Georgia, whose 50-lari note is full of medieval iconography. Lutz won’t tip his
hand, but he says patterns do emerge among admirers of paper (and, now, polymer-based) currency. “I have to say, right now people are really going for color,” he says. “And they like things like flowers and birds. Not people.”

Related Stories:

Georgian Lari banknotes win international prize


20, 50, 100 GEL renewed banknotes to be issued in 2016


New 100-GEL banknotes begin circulating in Georgia
Other Stories
Wine, chacha and brandy produced by basketball player Vladimir Boisa
In Telavi Municipality’s village of Shalauri, inside an old wine cellar, a famous Georgian basketball player Vladimir Boisa began to make wine
How much installing solar panels will cost you
Tornike Darjania has installed the 300W solar panels on the roof of his house all by himself.
Smoked sulguni cheese sold in New York soon to appear in LA and Canada
Smoked sulguni cheese has appeared on American market. Tsezar Kakhadze, the founder of Cezari dairy products company told Businesspressnews,
Meet 19-year-old Georgian winemaker and cheesemaker
Jemal Khatiashvili is a 19-year-old young man from the village of Tibaani in eastern Georgian Kakheti region.
What will it cost you to build a house in Tbilisi
If you want to get away from city noise and move to the calm environment outside of polluted streets,
A Norwegian energy company is investing eight billion in Georgia
The renewable energy company, Clean Energy, is making investments from Norway for the building of a hydroelectric power plant in Georgia,
Georgian Churchkhela exported to Iran
Georgian traditional candy made of thickened grape juice and nuts, Churchkhela, has been exported to Iran.
Turkmen oil transit to be conducted via Georgia’s railway hub
Under the agreement signed by Georgia and Turkmenistan, 1,5 million tons of Turkmenstan’s oil will be transited via Georgia’s railway hub,
Georgian businessman’s widow among the 31 richest women in Britain
Britain's richest women derived their wealth mostly through inheritance and marriage.
Price of taxi service increases in Georgia
Beginning from 1 January, 2017, after the amendments into the Tax Code entered into force, the price of taxi service increased.
Trump Pulls Out of $250 Million Tower Plan in Black Sea Resort - Bloomberg
Bloomberg reports about the future of Trump Tower project in Batumi, Georgia’s Black Sea resort.
Anyone wishing to buy a flat in the Green Diamond will be offered 20% discount
New Year is time for novelties, changes and surprises. This is a period when people traditionally make happy each other by sharing pleasant gifts.
Larization plan of Georgia: Price of property sale to be restricted in dollars
A new law will come into force from July 1, according to which the price of the sale of the property or services will be made mandatory in Georgian national currency.
Sarajishvili Brandy Wins Three Medals at Degustation in USA
CHICAGO, USA - Georgian brandy Producer Sarajishvili has won one silver and two gold medals at the degustation of tastings.com,
Young farmers and the EU reviving Georgian agriculture
Georgia’s agricultural sector has traditionally been a strength of the economy and taken advantage of the favorable climate and rich soils.
Georgian aged guda cheese to hit the market soon
Soon lovers of cheese will be able to purchase Georgian guda cheese, aged using new technology.
Skiji – Georgian dried fruit with ancient name
The word ‘skiji’ stands for ‘dry grapes’ in Old Georgian and it has been exactly a year since
Should we track the value of currency changing?
Nowadays everyone needs to control their money correctly, especially in Georgia, whether they work somewhere or don’t.
Property tax for car owners to be implemented in Georgia from 2017
According to the amendments planned by the government the new property tax for car owners will enter into force beginning from 2017.
23-year-old Georgian farmer who runs three different agricultural enterprises
Marika Kodua lives in Zugdidi Municipality’s village of Darcheli and manages three different farms at once.
Ready Georgian dishes chakapuli and khashi to be sold at supermarkets
Soon lovers of Georgian dishes chakapuli (meat stew with tarragon and tkemali), khashi (Georgian hangover remedy) and chashushuli (beef stew with tomatoes)
Woolen socks produced in Georgian village sold throughout world
Socks with beautiful daisy patterns produced in Georgia’s Nukriani village, in Sighnaghi municipality, are sold throughout the world in the USA, Austria and many other countries.
Breakfast in Tbilisi is Still Cheap - RETAIL FPI
After a couple of declines, food prices in the largest supermarkets in Georgia have increased.
Wooden hand-made lamps – Georgian students’ interesting startup
This startup project by Georgian students has already received a good feedback from the buying public.
Rare dwarf walnut trees in Tianeti, Georgia
What do you know about dwarf walnuts? Probably not much, because this species of walnuts is just beginning to appear in our country
PHOTO OF THE DAY
Other Stories
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
Some of Georgia’s commercial banks are already buying at 2 GEL per $1. Their webpages are publishing information regarding national currency’s exchange rate in real-time mode.
Georgia's central bank governor Giorgi Kadagidze says Ukraine is in the same bind as Georgia was in when Russia banned its neighbor’s exports in 2006
GEL Exchange
USD
1
USD
2.5837
EUR
1
EUR
2.7351
GBP
1
GBP
3.2090
RUB
100
RUB
4.4784