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50 Diram

Issuer National Bank of Tajikistan
Year 1999
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Currency Somoni (2000-date)
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Obverse description Central vignette presents an equestrian statue of Ismoil Somonī, founder of the Samanid dynasty, rendered in intaglio in violet tones against a fine guilloche underprint. The state emblem of Tajikistan appears in the upper left, with the issuer's name in Cyrillic above the central design and the denomination in large numeral and Cyrillic text at lower left and lower right within ornate geometric border panels. Two facsimile signatures and the date 1999 are printed beneath the central vignette, with a scalloped watermark window at left.
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Reverse description A large central vignette in violet depicts a mountain valley road winding through a Tajik landscape, rendered against a salmon-toned guilloche underprint. The denomination numeral '50' appears at upper left and lower right corners, with a scalloped watermark window at right within a guilloche surround. The issuer's name in English is printed in the upper right, and the value in English runs along the lower portion within a shaded panel.
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Comments

Tajikistan's 1999 dirham series was issued as part of the country's second currency reform — the replacement of the Tajik rouble with the somoni, introduced in October 2000. These fractional notes bridged the transition, priced at a ratio of 1,000 roubles to 1 somoni, reflecting the extraordinary inflation that had gutted the rouble across the 1990s civil war period.

The watermark is the sole security measure — modest even by the standards of low-denomination fractional notes at the time, and consistent with the limited printing budget available to a post-conflict central bank still establishing basic institutional infrastructure.