National Bank Of The Republic Of Abkhazia
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National Bank Of The Republic Of Abkhazia
The National Bank of the Republic of Abkhazia ( Abkhaz: Аԥсны Аҳәынҭқарра Амилаҭтә Банк, russian: Национальный банк Республики Абхазия), also known by the short form of Bank of Abkhazia (russian: Банк Абхазии) is the central bank of the disputed region and partly recognized state of Abkhazia on the eastern coast of the Black Sea. It was established on February 28, 1991 since the adoption of the laws "On the National Bank of the Abkhaz SSR" and "On Banks and Banking of the Abkhaz SSR" passed by the Supreme Soviet of the Abkhaz SSR on February 28, 1991. The Bank's headquarters are located in a constructivist building on Leon Street in Sukhumi, Abkhazia's capital. Primary actions of the Bank Due to the use of the Russian ruble in Abkhazia, the National Bank of Abkhazia exercises little control over the money supply in Abkhazia’s economy and has almost no influence on the value of the Russian currency. Its act ...
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Sukhumi
Sukhumi (russian: Суху́м(и), ) or Sokhumi ( ka, სოხუმი, ), also known by its Abkhaz name Aqwa ( ab, Аҟәа, ''Aqwa''), is a city in a wide bay on the Black Sea's eastern coast. It is both the capital and largest city of the Republic of Abkhazia, which has controlled it since the Abkhazia war in 1992–93. However, internationally Abkhazia is considered part of Georgia. The city, which has an airport, is a port, major rail junction and a holiday resort because of its beaches, sanatoriums, mineral-water spas and semitropical climate. It is also a member of the International Black Sea Club. Sukhumi's history can be traced to the 6th century BC, when it was settled by Greeks, who named it Dioscurias. During this time and the subsequent Roman period, much of the city disappeared under the Black Sea. The city was named Tskhumi when it became part of the Kingdom of Abkhazia and then the Kingdom of Georgia. Contested by local princes, it became part of the Otto ...
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