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5 Manat

Issuer National Bank of Azerbaijan
Year 2005
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Size 127 × 70 mm
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Reverse lettering BEŞ MANAT
(Translation: Five Manat)
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Protection type Watermark, Security thread
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Comments

Robert Kalina designed this note the same year his euro banknote designs entered circulation across the eurozone — Azerbaijan effectively hired the man of the moment. The OeBS contract for the Azerbaijani manat series followed a broader post-Soviet pattern of young Caucasian states outsourcing security printing to established European houses while domestic infrastructure remained undeveloped.

The 2005 manat series replaced a severely devalued transitional currency at a rate that wiped out four zeros, a redenomination timed to coincide with rising oil revenues from the Baku-Tbilisi-Ceyhan pipeline coming online.

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