South Ossetia to issue its own banknotes?

Banknotenews.com reports that in August this year the parliament of the disputed area of South Ossetia has passed a law  (google translate) allowing the National Bank of South Ossetia to issue banknotes denominated in Russian rubles.

Some background information from wikipedia:

South Ossetia is a disputed region and partly recognised state in the South Caucasus, located in the territory of the South Ossetian Autonomous Oblast within the former Georgian Soviet Socialist Republic of the USSR. South Ossetians declared independence from Georgia in 1990, calling themselves the Republic of South Ossetia. The Georgian government responded by abolishing South Ossetia's autonomy and trying to retake the region by force. This led to the 1991–1992 South Ossetia War. Georgian fighting against those controlling South Ossetia occurred on two other occasions, in 2004 and 2008. The latter conflict led to the Russia–Georgia war, during which Ossetian and Russian forces gained full de facto control of the territory of the former South Ossetian Autonomous Oblast. In the wake of the 2008 South Ossetia War, Russia, Nicaragua, Venezuela, Nauru and Tuvalu recognised South Ossetia's independence. Georgia does not recognise the existence of South Ossetia as a political entity, including most of the area in its Shida Kartli region. Georgia considers South Ossetia to be occupied by the Russian army.

We'll see if this means that this list of banknote issuing countries, area's and entities will get one more member.

Steven Friday 15 November 2013 at 10:12 am | | news
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