10 000 Manat

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.