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10 000 Manat

Issuer Azərbaycan Milli Bankı (National Bank of Azerbaijan)
Year 1994
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Printer Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date)
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Obverse lettering AZƏRBAYCAN MİLLİ BANKI ON MİN MANAT
(Translation: National Bank of Azerbaijan, Ten Thousand Manat)
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Reverse lettering ON MİN 10000 MANAT AZƏRBAYCAN MİLLİ BANKI
(Translation: Ten Thousand Manat, National Bank of Azerbaijan)
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Comments

Azerbaijan's first national currency series was introduced while the country was still fighting—and losing ground—in the Nagorno-Karabakh war. The manat had replaced the Soviet ruble only in 1992, and runaway inflation almost immediately eroded its value, making high-denomination notes like this one necessary within two years of the currency's introduction.

G&D Leipzig produced the series under difficult procurement conditions for a newly independent state with no established central banking infrastructure. The watermark-only security specification reflects the practical constraints of the commission rather than any oversight.

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