25 Zarin Konstantin Kochiev

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.