The banks of South Ossetia and Russia discussed strengthening cooperation

Tue, 10/02/2026 - 21:01
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A working meeting between Soslan Bekoev, Chairman of the National Bank of South Ossetia, and Sergey Belov, Deputy Chairman of the Central Bank of the Russian Federation, took place in Moscow.

The meeting was held on the instruction of Alan Gagloev, President of the Republic of South Ossetia, according to the Bank of Alania press service.

"During the meeting, the parties discussed the key issues aimed at further strengthening cooperation between the financial regulators of the Republic of South Ossetia and the Russian Federation.

A separate agenda item was the discussion of the prospects for the creation and development of a national payment system for South Ossetia, including possible integration mechanisms with the Russian Mir system, which will expand the payment infrastructure and improve the stability of financial settlements," the press service reported.

Particular attention was paid to information security.

Soslan Bekoev expressed gratitude to the Central Bank of Russia for its support in the area of ​​information security, including the engagement of the highly qualified specialist who implemented measures to enhance the resilience of the information technology systems of the RSO banking system.

Specialists from the Southern Main Administration of the Central Bank of the Russian Federation, together with their South Ossetian colleagues, began working to enhance the information security of Bank of Alania at the end of 2025.

A comprehensive audit of the bank's IT infrastructure was conducted, the action plan was outlined, and a list of all necessary works was determined, the implementation of which will take place throughout 2026.

Another important topic of the discussion was the emission activities of the National Bank of South Ossetia.

The parties discussed the possibility of issuing new commemorative coins and banknotes to mark significant events and anniversaries of cultural and historical significance for the peoples of South Ossetia and Russia.

The issue of upgrading the qualifications of the South Ossetian banking employees using the capabilities of the Central Bank of the Russian Federation was also discussed. Following the meeting, the parties reaffirmed their intention to continue cooperation in the areas of financial stability, banking regulation, and the exchange of professional experience.

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