National Payment System “APRA” and Russian Payment System “Mir” Completed Integration of Mutual Acceptance of National Payment Cards. Within the framework of the intersystem cooperation project between the national payment systems of Abkhazia and Russia, the integration process aimed at the mutual servicing of the national bank cards of Abkhazia “APRA” and Russia “Mir” has been completed.
The National Bank of the Republic of Abkhazia donated commemorative silver coins “Abkhazian Hundred”, “Alexander Chachba” and the first commemorative banknote “Vladislav Ardzinba” to the State Historical Museum. For the first time in history, coins issued by the Bank of Abkhazia will be stored in the biggest national historical museum of Russia.
On July 5, 2019, by the decision of the General Meeting of Partners of the Non-Profit Partnership “Abkhazian Payment and Settlement Association” (NPS “APRA”), Kishmariya Inal Mikhailovich was elected as executive director of NPS “APRA”.
As part of the intersystem integration project of the national payment systems of Abkhazia “APRA” and Russia “Mir”, the acceptance of Russian “Mir” cards was implemented on the territory of the Republic of Abkhazia. At the moment, all banks, members of the “APRA” National Payment System, are connected to the intersystem interaction and accept “Mir” cards in their terminal network. “Mir” cardholders have access to cash withdrawals at ATMs and bank cash desks, as well as payment transactions for goods and services at POS terminals installed at retail outlets in the Republic.
The main result of the meeting was the proposal to create an expert council for the development of national payment instruments. The purpose of the council will be to work together to ensure uninterrupted intersystem interaction within a single payment space.
On June 3, 2019, at a session of the People’s Assembly – Parliament of the Republic of Abkhazia, Chairman of the Bank of Abkhazia B.V. Baratelia presented the “Annual report of the National Bank of the Republic of Abkhazia (Bank of Abkhazia) for 2018”.
On May 3-4, 2019, an exhibition of commemorative coins and banknotes of the National Bank of the Republic of Abkhazia was held in Turkey. A full collection of coins issued by the Bank of Abkhazia since 2008, as well as the first Abkhazian banknote, were presented at the Abkhaz Cultural Center in Istanbul and at the Center of Culture and Congress of the Sakarya University in Adapazarı.
In the monthly cash circulation newsletter “Currencies of the World: Cash Circulation. Analysis. Counterfeits” (№1 / 2019) published an article about the first memorable banknote of the Republic of Abkhazia“ Vladislav Ardzinba ”. The article presents the detailed characteristics of the banknote, and also describes the security features.
In connection with the introduction into circulation of a commemorative coin “Nestor Lakoba”, the National Bank of the Republic of Abkhazia has made a decision to donate one commemorative coin to the State institution “The N.A. Lakoba Historical and Memorial Museum”.