Abkhazian banknotes - all are non-circulating!

All Abkhazian banknotes are non-circulating.

It is Russian Roubles that circulate in Abkhazia - even though the Georgian Lari is the legal currency of Abkhazia.

Aidan.

https://nb-ra.org/en/kopiya-vladislav-ar%D3%A1yinba.html

In accordance with the Law of the Republic of Abkhazia from 21.04.2008, no. 2012-с-IV “On the introduction into circulation on the territory of the Republic of Abkhazia of commemorative and investment coins and commemorative banknotes”, commemorative banknotes (hereinafter - banknotes) are a currency made on the basis of paper, special types of plastic or their combination. Banknotes may be used as a means of payment, as collectables, and also for investment and hoarding at prices different from their nominal value.

Nominal value (denomination) is the initial value of the price, the nominal value indicated on the banknote. The banknotes issued by the National Bank of the Republic of Abkhazia (the Bank of Abkhazia) bear the name of “Apsar”.

The price of the banknotes in the initial issue is determined by their nominal value.

The price of the banknotes on the secondary market is set freely.

The Bank of Abkhazia and the credit institutions, free of charge and limitation of the amount, carry out transactions for the exchange of banknotes of the Bank of Abkhazia into the Russian rubles and other currencies with legal entities and individuals with whom they perform banking operations in accordance with the legislation of the Republic of Abkhazia.

Hello!

In the link above posted by tokul, we do indeed have information that the notes produced "...may be used as a means of payment...".

Of the five records we have here at Numista, two are listed as "non-circulating" and three are listed as "circulating". If they are accepted as a means of payment, we tend to believe that they would be circulating.

On the other hand, the number of issues is, in fact, too few for them to be circulating in a broader context.

Could we contact any user here at Numista who could verify this locally? If anyone knows someone, please tag them here.

Regards,

Vladimir