An email was
received objecting to the listing of the above notes on this site.
The writer, who I believe was an Azeri, said that listing these notes N.1
- N.6 was supporting terrorism. He also indicated that this website has
been mentioned by the separatists on numerous occasions as a recognizable
world authority (which it is not) and they use it to justify the fact of
their occupation. I have responded to him and said I would study his
request and advise him of any changes I plan to make to this site as a
result of his concern.
I would appreciate receiving comments from readers on this subject. Any
individual or organization with an opinion on this subject is welcome to
write us. With your permission, we will publish these comments in their
entirety on this site.
DISCLAIMER: This is a non-commercial hobby website published by an
individual. As such, no recognition or support for any individual or group
is implied or intended unless specifically stated. This site is not
affiliated with the United Nations or any other political organization. We
are members of the following collector organizations: International
Bank Note Society, Latin American Bank Note Society and the Haitian
Numismatic Society. It is our choice as to which banknotes are
displayed. Our long term goal is to have all banknotes from every issuing
authority listed on this site, regardless of their political identity - if
it is a banknote then it will be collected and we will try to find
accurate information to portray it in an unbiased manner.
However, we have now been made aware of the political implications of this
page, which we will consider carefully to ensure that this has been done
was a small
Autonomous Republic of Georgia that stated its desire to declare
independence in 1990 when the Soviet Union granted Georgia its
On July 23, 1992,
the Abkhazian parliament declared the republic's independence and
reinstated the Abkhaz constitution of 1925, in which Abkhazia's equal
legal status with Georgia was codified. The Georgian State Council
immediately called the declaration of independence invalid.
National Guard under the leadership of General Tengiz Kitovani invaded
Abkhazia on August 14, 1992.
Abkhazia issued provisional banknotes using Russian issues with Georgia
postage stamps affixed. It is believed they circulated from
approximately March 1992 to November 1992. It is not know whether these
are official government or private issues.n
July 27, 1993, the Georgian government and the Abkhazian authorities
signed a ceasefire agreement in the Russian city of Sochi.
Abkhazia's parliament elected Vladislav Ardzinba as President in 1992.
The Agreement was rendered invalid
by the capture of the Abkhaz capital Sukhumi by Abkhazian troops on
September 27, 1993.
On April 4, 1994, the Georgian and
Abkhaz sides signed a
Declaration on Measures for a Political Settlement of the
Georgian-Abkhaz Conflict. The Declaration was the first document
that discussed constitutional and power sharing arrangements between
Georgia and Abkhazia. It granted Abkhazia the right to maintain the
major attributes of a sovereign state - its own constitution,
legislation, and state symbols (anthem, emblem and flag).
In 1994 a treaty was signed ending the conflict and CIS peacekeeping
forces(CISPKF) were deployed to the region.
Georgia declared Abkhazia an independent republic on 10.10.2002,
however, Abkhazia continued to struggle for complete independence from
On November 26, 2004 Abkhazia ratified a new constitution declaring it a
sovereign state. In January 2005,
Sergei Bagapsh was elected President.
Russia recognized Abkhazia in 2008 after invading
South Ossetia, Georgia.
Abkhazia was an unrecognised state for most of
its history. The following is a list of political entities that formally
UN member states
recognised Abkhazia on 26 August 2008 after the 2008 South Ossetia war.
Nicaragua recognised Abkhazia on 5 September
Venezuela recognised Abkhazia on 10 September
recognised Abkhazia on 15 December 2009.
Partially recognised and unrecognised
South Ossetia recognised Abkhazia on 17 November
Transnistria recognised Abkhazia on 17 November
Nagorno-Karabakh recognised Abkhazia on 17
recognised Abkhazia on 23 May 2011, but withdrew recognition on 20 May
recognised Abkhazia on 18 September 2011 but withdrew recognition on 31
recognized by NATO
** If the QR code is scanned on the back of banknote
N.12, P.UNL 25 Aspar
it will take you to a
website, https://nb-ra.org, which is in
Russian. Here's a translation from friend Dim Litvak:
On the occasion of the 30th anniversary of
the victory of the people of Abkhazia in the Patriotic War
According to the Law of the Republic of
Abkhazia dated April 21, 2008, No. 2012-c-IV "On the Circulation
of Commemorative and Investment Coins and Commemorative Banknotes
in the Territory of the Republic of Abkhazia," commemorative
banknotes are monetary signs made of paper, special types of
plastic, or their combinations. Banknotes can be used both as a
means of payment and as collectibles, investments, and numismatic
items at prices that differ from their face value.
The face value (denomination) is the initial
price value, the nominal quantity specified on the banknote.
Banknotes issued by the National Bank of the Republic of Abkhazia
(the Bank of Abkhazia) are denominated as "Apsar."
The banknotes issued into circulation are
used as a means of payment at their nominal value, which has a
fixed equivalent in Russian rubles: 1 Apsar equals 10 Russian
rubles. However, these banknotes cannot be used as a means of
payment in retail trade.
The price of banknotes at the initial issue
is determined by their nominal value.
The price of banknotes in the secondary
market is freely determined.
The Bank of Abkhazia and credit
institutions, without charge and without limiting the amount,
carry out operations exchanging Bank of Abkhazia banknotes for
Russian rubles and other currencies with legal entities and
individuals with whom they conduct banking transactions in
accordance with the legislation of the Republic of Abkhazia.
Image of the banknote of the Bank of
Abkhazia of 2023 with a face value of 25 Apsars, with a
description of both sides.
And here is Dmitriy Litvak's opinion of the
25 Aspar 2023 note:
Since the "Republic of Abkhazia" is a territory annexed by the
Russian Federation, the Bank of Abkhazia can be considered only as
a regional bank within the Russian Federation. Therefore,
everything they "issue" constitutes commemorative banknotes that
are for consumption ONLY within the territory of the Republic of
Abkhazia. The Bank of Russia, being the sole issuer of currency in
the Russian Federation, has no relation to this issuance.
Therefore, categorize this under "Local Commemorative issues."