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25 Zarin Konstantin Kochiev

Issuer National Bank of South Ossetia
Year 2025
Type Non-circulating coin
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Obverse description Against a mirror-polished field, the central device features the state emblem of the Republic of South Ossetia — a snow leopard passant before stylised mountain peaks — set within a beaded inner circle and surrounded by the bilingual legend in Ossetic and Russian. The denomination '25 ЗÆРИНЫ' appears prominently along the upper arc of the frosted outer ring, which is decorated with a repeating ornamental rosette border on both sides. Along the lower arc the issuing authority 'НАЦИОНАЛОН БАНК' is inscribed, while the date '2025', mintmark 'ММД', and fineness indicator 'Ag925 31,1' appear in the lower field between the inner and outer rings.
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Mintage 2025 ММД - Proof
Additional information

South Ossetia has no internationally recognized central bank in any functional sense — the "National Bank of South Ossetia" issues these pieces as collector medals under coin nomenclature, since the territory uses the Russian ruble as its de facto currency and has no monetary issuing authority acknowledged outside its borders. Konstantin Kochiev was a celebrated Ossetian poet whose work sits at the center of 20th-century South Ossetian literary identity.