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10 Manat
| Issuer | Central Bank of Azerbaijan |
|---|---|
| Year | 2021 |
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| Printer | Giesecke & Devrient, Munich |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | AZƏRBAYCAN MƏRKƏZİ BANKI ON MANAT 10 (Translation: Central Bank of Azerbaijan, Ten Manat) |
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| Reverse lettering | ON MANAT 10 (Translation: Ten Manat) |
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| Comments |
The third-generation manat series, introduced after Azerbaijan's 2015 currency crisis, was a deliberate rebranding effort following the Central Bank's decision to abandon its dollar peg and allow a near-50% devaluation in a single December announcement. Public confidence in the manat collapsed almost overnight. The redesigned notes, of which this 2021-dated example is part, were issued partly as a psychological exercise in restoring institutional credibility.
Giesecke & Devrient have held the printing contract for Azerbaijani banknotes since the manat's reintroduction in 2006. The watermark security on this issue is relatively modest for a denomination of this value.