50 Apsars

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.