Catalog
500 Manat
| Issuer | Central State Bank of Turkmenistan |
|---|---|
| Year | 1993-1995 |
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| Currency | Manat (1993-2009) |
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| Obverse description | Central vignette of President Saparmyrat Nyýazow (known as Türkmenbaşy, 1940–2006), rendered in intaglio against a multicolour guilloche underprint. The bank title and denomination inscriptions appear above and below the portrait, with ornamental carpet-pattern borders framing the left and right edges. |
|---|---|
| Obverse lettering | TÜRKMENISTANYÑ MERKEZI DÖWLET BANKY BU BANKNOT TÖLEGLERIÑ ÄHLI GÖRNÜŞLERI ÜÇIN KÖREKÖÄR BAŞ ÝÜZ MANAT (Translation: Central State Bank of Turkmenistan, This banknote is valid for all types of payments, Five Hundred Manat) |
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| Comments |
Turkmenistan's first banknote series appeared almost immediately after independence from the Soviet Union, with the manat introduced in November 1993 to replace the Russian ruble. The Central State Bank — not yet restructured into the later Central Bank of Turkmenistan — issued this high denomination during a period of severe inflation that made large-value notes necessary almost from the start.
The watermark remains the sole security feature, a notably thin specification for a note of this face value, reflecting both the urgency of the issue and the limited facilities available to a newly sovereign state contracting foreign printing expertise under tight timelines.