50 Manat

Nakhchivan occupies a peculiar constitutional position — an autonomous republic of Azerbaijan physically separated from it by Armenian territory, with its own parliament and a degree of administrative independence unusual even by post-Soviet standards. This coin was issued under that autonomous authority rather than the central Azerbaijani government, which alone makes it an oddity in modern numismatics. Circulating coinage from Nakhchivan is rarely encountered outside the region.