Catalog
20 Manat
| Issuer | Central Bank of Azerbaijan |
|---|---|
| Year | 2021 |
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| Composition | Cotton paper |
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| Obverse description | A military helmet of the Nagorno-Karabakh region, accompanied by a sword and shield, rendered in intaglio against a guilloche underprint. The denomination appears below the central vignette. Inscriptions of the issuing authority and face value are arranged across the note. |
|---|---|
| Obverse lettering | AZƏRBAYCAN MƏRKƏZİ BANKI İYİRMİ MANAT 20 (Translation: Central Bank of Azerbaijan, Twenty Manat) |
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| Comments |
Azerbaijan's current manat series was introduced following the currency's severe devaluation in 2015, when the Central Bank twice devalued the manat against the dollar — losing roughly half its value over that year. The redesigned notes that followed were partly a confidence measure directed at a domestic public that had responded to the crisis by emptying exchange offices and dollarizing household savings at a remarkable rate.
Giesecke & Devrient's Leipzig facility has handled Azerbaijani production across multiple series. The P#41 is the 2021 revision of that post-devaluation design family, updated with enhanced security features rather than a wholesale redesign.