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.
The main image of the front side of the banknote is a portrait of the First President of the Republic of Abkhazia V. G. Ardzinba, underneath which there is an inscription “Vladislav Ardzinba”. In the background, warriors of the Abkhazian Armed Forces are depicted raising the banner of Victory. The images are imposed on the traditional Abkhazian ornament. From left to right in a semicircle, there are seven stars from the state flag of the Republic of Abkhazia. In the lower left corner, there is the state emblem. In the left corner, the denomination of “500 apsars” is indicated in two vertical lines.
The main image of the reverse side of the banknote is a map of the Republic of Abkhazia and enclosed in a decorative rim, a silhouette of the architectural complex of the capital of Abkhazia, Sukhum, against the background of a symbolic fortress tower with the state emblem of the Republic of Abkhazia. Along the circumference of the rim, there is an inscription in the Abkhazian language “Нагӡара ақәзааит Аԥсынра” (“May Abkhazia reach completion”). Underneath the image, there is the number “500”. A traditional ornament serves as the background of the composition. On the reverse side, the image of the seven stars is duplicated, and also the denomination in the right corner — 500 apsars.
The banknote has two serial numbers located on the reverse side of the banknote. They consist of a two-letter indication of the series and nine digits. The left number can be read on the long side of the banknote, the right one — on the short side.
In the lower right-hand side of the reverse side of the banknote, there is a QR code with a link to the Bank of Abkhazia website containing a description of the banknote’s security features.
The banknote is in brown and green colours, and it is made out of white cotton paper.
Description of the security features
The size of the banknote – 150 x 65 mm