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10 Manat

Issuer Azərbaycan Milli Bankı (National Bank of Azerbaijan)
Year 1993
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Reference(s) P#16
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Obverse lettering 10 AZƏRBAYCAN MİLLİ BANKI
(Translation: National Bank of Azerbaijan)
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Reverse lettering AZƏRBAYCAN MİLLİ BANKI ON manat
(Translation: National Bank of Azerbaijan, Ten Manat)
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Comments

Azerbaijan's 1993 manat series was introduced as the country scrambled to establish a functioning currency after declaring independence from the Soviet Union in 1991. The manat had technically been introduced in 1992, but chronic shortages of printed notes meant Russian rubles continued to circulate alongside it well into 1993 — a dual-currency muddle that the National Bank struggled to resolve under severe inflationary pressure.

The series is printed on relatively thin stock, and watermark placement varies noticeably across the run, suggesting production under constrained conditions.