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1 Manat

Issuer National Bank of Azerbaijan
Year 1992
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Shape Rectangular
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Reverse description The entire face of the reverse is occupied by a multicolour vignette derived from a traditional Azerbaijani carpet pattern, executed in pink, green, and gold tones with a series of concentric geometric borders and repeating floral and medallion motifs. The issuer's name is overprinted in large bold dark green letterpress text across the centre of the carpet design. A watermark medallion cartouche appears at upper right and a diamond-shaped numeral counter bearing '1' is placed at lower right.
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Protection type Watermark
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Comments

Azerbaijan's first post-Soviet currency series was issued in 1992 as the manat replaced the Soviet ruble during a period of acute economic instability, with the country simultaneously managing the Nagorno-Karabakh conflict and the collapse of supply chains that had run through Moscow for decades. The commission to Thomas De La Rue was a deliberate signal — a newly independent state anchoring its monetary credibility to one of the world's oldest and most reputable security printers.

The series was relatively short-lived. Hyperinflation through the mid-1990s made the 1 manat functionally worthless within a few years of issue, and a full redenomination in 2006 retired all first-series notes permanently.