Is the main reason of upgrading Lari banknotes the factor of increased counterfeiting of the previous banknotes?

The modification of Lari banknotes was preconditioned by the necessity to upgrade outmoded security features and design. Following rapid development of mechanisms protecting banknotes from counterfeiting worldwide, the counterfeiting methods have also been refined, to prevent which, the National Bank of Georgia is obliged to take adequate measures for qualitative improvement of the banknotes in terms of protection as well as resistance to deterioration and esthetic side. It is desirable to start working in this direction before the circulation clearly shows the potential of counterfeiting.