20 Manat

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.