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10 Manat

Issuer National Bank of Azerbaijan
Year 1992
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Value 10 Manat (10 AZM)
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Obverse description Central vignette of the medieval Maiden Tower (Qız Qalası) in Baku rendered in intaglio, set against a multicolour guilloche underprint with geometric ornamentation. The denomination numeral "10" appears in an ornate cartouche at right, with the bank title in large letterpress at top. Serial number and "Manat" in stylised script are printed at lower left and lower right respectively, with a decorative rosette guilloche panel at upper left.
Obverse lettering AZƏRBAYCAN MİLLİ BANKI
10
Manat
(Translation: National Bank of Azerbaijan / 10 / Manat)
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Comments

Azerbaijan declared independence in 1991, and this 1992 issue belongs to the country's first sovereign currency series — printed by Thomas De La Rue in London while the new state was simultaneously fighting a war with Armenia over Nagorno-Karabakh. The manat replaced the Soviet ruble at par initially, though hyperinflation quickly made low denominations like this one functionally obsolete within a few years of issue.

The single security feature — a watermark — reflects the compressed timeline under which these notes were commissioned. More sophisticated specifications simply weren't practical given the urgency of establishing a functioning currency from scratch.

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