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100 Manat
| Issuer | National Bank of Azerbaijan |
|---|---|
| Year | 1993-1999 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 100 AZƏRBAYCAN MİLLİ BANKI (Translation: National Bank of Azerbaijan) |
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| Protection description | Watermark in the form of a decorative cloud-shaped medallion, visible at upper right on the reverse |
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| Comments |
Azerbaijan's first manat series launched in 1992–93 as the country exited the ruble zone, and this note belongs to the transitional period when the National Bank was issuing currency for a state barely a year old and simultaneously managing an active armed conflict in Nagorno-Karabakh. Hyperinflation eroded purchasing power so severely across the mid-1990s that the 100 manat, nominally a mid-range denomination at issue, had become effectively worthless in daily transactions well before the series was retired.
The 1999 replacement by a revalued manat series rendered most circulating stock obsolete almost overnight. Notes that survived were largely low-grade, heavily used examples — clean surviving specimens are somewhat harder to find than the common catalog status suggests.