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10 000 Manat

Issuer Central Bank of Turkmenistan
Year 2005
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In circulation to 1 January 2010
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Obverse description Portrait of President Saparmyrat Nyýazow (Türkmenbaşy) at center, flanked by the Palace of Türkmenbaşy and the State Emblem of Turkmenistan. The design incorporates fine guilloche underprint patterns with traditional Turkmen carpet motifs as decorative elements. Bank name and denomination inscriptions appear in intaglio lettering against a multicolored background.
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Protection type Watermark, Electrotype
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By 2005, Turkmenistan's first manat series had been so badly eroded by inflation that the 10,000 denomination — introduced as a high-value note — had become an everyday transaction instrument worth roughly pocket change in dollar terms. The series was retired entirely in 2009 when the second manat replaced it at a rate of 5,000 old manat to one new unit, wiping out the denomination class entirely.

De La Rue's Gateshead facility handled production. The electrotype watermark feature is relatively modest security for a high-denomination note of this period, reflecting the limited forgery threat in a tightly controlled, largely cash-dependent economy under Niyazov's government.

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