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25 Zarin South Ossetian State University

Issuer National Bank of South Ossetia
Year 2022
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Currency Zarin
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Obverse lettering 25 ЗÆРИНЫ РЕСПУБЛИКӔ ХУССАР ИРЫСТОН РЕСПУБЛИКА ЮЖНАЯ ОСЕТИЯ ММД 2022 Ag 925 31,1 НАЦИОНАЛОН БАНК
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Reverse script Cyrillic
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Additional information

South Ossetia occupies a peculiar position in numismatics: a territory recognized as independent by only a handful of states — Russia, Nicaragua, Venezuela, Syria, and Nauru among them — yet issuing coins through a "National Bank" with no functional currency of its own. The South Ossetian ruble never achieved practical circulation; Russian rubles are used in daily trade. These pieces are produced specifically for the collector market, effectively souvenir issues dressed in the language of sovereign coinage.

The university commemorated here was founded in 1932 as a pedagogical institute in Tskhinvali, surviving the dissolution of the USSR and the brutal 1991–92 and 2008 conflicts that repeatedly disrupted the city.

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