200 Manat

Azerbaijan's 200 Manat was introduced as part of the second-generation manat series, launched in the wake of the currency's severe devaluation in 2015, when the Central Bank abandoned its dollar peg and the manat lost roughly half its value in two discrete drops within a single year. The high denomination was a practical response to that inflationary shock — denominations that had seemed unnecessary before 2015 became suddenly logical.

G+D's Leipzig facility has printed Azerbaijani manat notes since the series began, giving the relationship unusual continuity for a post-Soviet central bank.