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500 Apsars Vladislav Ardzinba

Issuer Bank of Abkhazia
Year 2018
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Value 500 Apsars
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Obverse description The coat of arms of Abkhazia appears at upper left, accompanied by a vignette of soldiers raising the Abkhazian flag. A portrait of Vladislav Ardzinba, the first President of Abkhazia, is positioned to the right, rendered in intaglio against a multicolour guilloche underprint. Denomination and issuer inscriptions in the Abkhaz script frame the composition along the upper and lower margins.
Obverse lettering 500 ҦСАР АҦСНЫ АБАНК ВЛАДИСЛАВ АРӠЫНБА
(Translation: 500 Apsar, Bank of Abkhazia, Vladislav Ardzinba)
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Comments

The apsar is a commemorative currency unit with no legal tender function in ordinary commerce — these notes were issued by the Bank of Abkhazia as collector pieces, denominated in a unit that exists nowhere in daily Abkhazian economic life. Vladislav Ardzinba was the first president of Abkhazia following the 1992–93 war with Georgia, a conflict that ended with Abkhazia's de facto independence but recognition from only a handful of states, Russia chief among them.

Goznak's involvement is the telling detail. Having the Russian state printer produce commemorative currency for a territory whose political existence depends almost entirely on Russian recognition is less a printing contract than a political statement rendered in paper and ink.

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