On March 15, 2016 at the HSP Europe^TM conference held in Bucharest, which covered European and CIS countries, the upgraded Lari banknotes (20, 50 and 100 Lari notes) were announced as the winners of "The Regional Banknote of the Year 2016."

The following notes were nominated this year for "The Regional Banknote of the Year 2016":

✔New 20Euro - European Central Bank
✔New series of Swedish Krona- Swedish National Bank
✔ New 20 000 Forint- Hungarian National Bank
✔New 200 Shekel- The Bank of Israel
✔20 000 Tenge- The national banks of Kazakhstan
✔ 500 Hryvnia - National Bank of Ukraine
✔ 100 Ruble- The Central Bank of the Russian Federation
✔Series of Banknotes -  National Bank of the Republic of Belarus
✔Upgraded Lari banknotes 20,50 and 100 Lari- National Bank of Georgia

National Bank of Kazakhstan was also presented the award, for the new high denomination 20,000 tenge banknote.

The award recognizes outstanding achievement in the design, technical sophistication and security of a banknote.

The High Security Printing^TM Europe is an annual international conference, with the representatives from European and CIS countries which draw together top experts to discuss the latest issues and developments in anticounterfeiting, anti-diversion, document and brand protection and holography.

On the last year's HSP Europe^TM conference, which took place in Budapest, Hungary, Polish Zloty was the winner of "The Best Regional Banknote of 2015" award.