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50 Apsars

Issuer Bank of Abkhazia
Year 2025
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Printer Goznak (Гознак, Экспедиция заготовления государственных бумаг), Russian Federation (1818-date)
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Reverse lettering 50 АҦСНЫ 50 ҦСАРК
(Translation: Abkhazia 50 Apsars)
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Protection type Watermark
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Comments

The apsar exists nowhere in the conventional monetary system — Abkhazia's independence is recognized by Russia, Nicaragua, Venezuela, Syria, and a handful of others, leaving the Bank of Abkhazia in the unusual position of issuing currency for a state most of the world officially treats as Georgian territory. Goznak in Moscow has printed the apsar series throughout, a practical arrangement given Abkhazia's political orbit but one that underscores how thoroughly its monetary apparatus depends on Russian institutional support.

A watermark-only security specification at this date is notably sparse for a Goznak product.

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