5 Manat

Turkmenistan's second series of manat notes, introduced in 2009, followed the 2008 redenomination that replaced the old manat at a rate of 5,000 to 1 — one of the more dramatic currency resets of the post-Soviet period, driven largely by the need to eliminate zeros that had accumulated through the hyperinflation of the 1990s. Thomas De La Rue handled the full series, a fairly routine arrangement for Central Asian states building new monetary infrastructure after independence.

The security specification on this denomination is notably lean for a De La Rue product of this vintage — watermark and thread only, without the foil patches or color-shifting ink applied to higher values in the same series.