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1000 Manat
| Issuer | Republic of Azerbaijan |
|---|---|
| Year | 1993 |
| Type | Vouchers |
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|---|---|
| Obverse lettering | DÖVLÄT DAXİLİ UDUŞLU İSTİQRAZI AZÄRBAYCAN RESPUBLİKASI İSTİQRAZ VÄRÄQÄSİ BİR MİN MANAT 1993 (Translation: Government Domestic Winning Bonds, Republic of Azerbaijan, Bond sheet, One Thousand Manat) |
| Reverse description | Reverse carries a full-width multi-column text panel in Azerbaijani setting out the terms and conditions of the 1993 State Domestic Lottery Bond issue, with a small '1000' vignette at upper centre. A bold guilloche border frames the sheet, and the value inscription 'BİR MİN MANAT' appears in a panel at the foot. |
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| Comments |
Azerbaijan's first post-Soviet currency series was printed under genuinely chaotic conditions — the country had declared independence in 1991 but was simultaneously fighting a war with Armenia over Nagorno-Karabakh, and the treasury was in no position to negotiate lengthy printing contracts. The 1993 high-denomination notes were introduced as inflation, imported largely from the collapsing ruble zone, began eroding the lower values almost immediately after issue.
The manat itself replaced the Soviet ruble at a rate of 10 rubles to 1 manat, but that ratio quickly became theoretical fiction. By the mid-1990s, notes of this denomination were themselves insufficient for routine transactions, and a redenomination eventually followed in 2006 at 5,000 old manat to 1 new manat.