It replaced the first Transcaucasian rouble at par and was subdivided into 100 kopecks (კაპეიკი k’ap’eik’i).

After the formation of the Transcaucasian Democratic Federative Republic in 1918, Georgia, Armenia and Azerbaijan began issuing a single currency unit called the Transcaucasian ruble.

[1] Only paper money was issued, with the Democratic Republic producing denominations of between 50 kopecks and 5,000 maneti.

Except for the 50 kopecks, the reverses of the notes bore the denomination in French (roubles) and Russian.

Maneti, derived from the Latin moneta ("coin"), was used as the Georgian name for the Soviet rouble.