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10 Manat
| Issuer | Central Bank of Azerbaijan |
|---|---|
| Year | 2021 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette presents a panoramic view of Old Baku (İçərişəhər — the Inner City), with the medieval Palace of the Shirvanshahs and the iconic Maiden Tower set against the ancient encircling wall. The denomination numeral and Azerbaijani inscriptions appear below the central design, framed by fine guilloche underprint work in the note's dominant colour. |
|---|---|
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| Reverse description | A cartographic outline of Azerbaijan is rendered against an intricate background of traditional national carpet ornaments in rich geometric patterns. The denomination is inscribed both above and below the central map motif, with fine guilloche border work framing the entire composition. |
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| Comments |
The third-generation manat series, introduced after Azerbaijan's 2015 currency crisis, was a deliberate rebranding effort following the Central Bank's decision to abandon its dollar peg and allow a near-50% devaluation in a single December announcement. Public confidence in the manat collapsed almost overnight. The redesigned notes, of which this 2021-dated example is part, were issued partly as a psychological exercise in restoring institutional credibility.
Giesecke & Devrient have held the printing contract for Azerbaijani banknotes since the manat's reintroduction in 2006. The watermark security on this issue is relatively modest for a denomination of this value.