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10 000 Manat

Issuer Central Bank of Turkmenistan
Year 2000
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Reference(s) P#14
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Obverse lettering TÜRKMENISTANYŇ MERKEZI BANKY ŞU BANKNOT TÖLEGLERIŇ ÄHLI GÖRNÜŞLERI ÜÇIN ÝÖREÝÄR ON MÜŇ MANAT
(Translation: Central Bank of Turkmenistan, This banknote is valid for all types of payments, Ten Thousand Manat)
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Protection type Watermark
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Comments

The Canadian Bank Note Company printed the bulk of Turkmenistan's early manat series, a relationship that began almost from the moment the country introduced its own currency in 1993 following the Soviet collapse. By 2000, when this note was issued, triple-digit inflation had already rendered lower denominations functionally useless — the 10,000 manat was a direct consequence of chronic monetary instability throughout the late 1990s.

Turkmenistan's currency was entirely non-convertible for most of this period, with an official exchange rate bearing little resemblance to the parallel market. The 2009 redenomination — at 5,000 old manat to one new manat — rendered the entire pre-reform series obsolete overnight.

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