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500 Manat Victory

Issuer Central Bank of Azerbaijan
Year 2021
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Size 163 × 70 mm
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Obverse lettering AZƏRBAYCAN MƏRKƏZİ BANKI BEŞ YÜZ MANAT QARABAĞ AZƏRBAYCANDIR! İLHAM ƏLİYEV 8 NOYABR 2020 8 NOYABR ZƏFƏR GÜNÜ AMB 500
(Translation: Central Bank of Azerbaijan, Five Hundred Manat, Karabakh is Azerbaijan!, Ilham Aliyev, 8 November 2020, 8 November Victory Day)
Reverse description The reverse bears a vignette of the Molla Pənah Vaqif Mausoleum in Şuşa at left, with the medieval Askeran Fortress rendered at centre, set against the backdrop of the Murovdağ mountain range. A cartographic underprint of Azerbaijan occupies the right field, tying the landmarks to their national geographic context. The denomination 500 appears in large numerals at lower right, with patriotic inscriptions running across the upper register.
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Issued in 2021 to commemorate Azerbaijan's victory in the Second Nagorno-Karabakh War — the 44-day conflict of autumn 2020 that ended with a Russian-brokered ceasefire and significant territorial gains for Baku — this is a commemorative high-denomination note rather than a workhorse of circulation. G+D in Leipzig has printed Azerbaijani currency since the manat's redenomination in 2006, making the relationship well-established, though commemorative issues of this type rarely see meaningful time in wallets.

The watermark remains the primary listed security feature, modest for a 500-manat face value in 2021.

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