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500 Manat
| Issuer | Central Bank of Turkmenistan |
|---|---|
| Year | 1999 |
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| Value | Log in to see details |
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| Composition | Nickel clad steel |
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| Reverse description | The denomination '500' in large raised numerals dominates the central field, with the currency name 'MANAT' inscribed below in bold lettering. Decorative scroll ornaments appear above and below the denomination within an inner circle, providing stylistic framing. A circular legend naming the issuing authority encircles the design along the periphery, and the date '1999' appears in the lower exergual area, flanked by raised dots serving as punctuation marks. |
| Reverse script | Latin |
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| Additional information |
The 1999 Manat series was issued as Turkmenistan consolidated its post-Soviet monetary identity under President Niyazov, who had declared independence from Moscow in 1991 and subsequently built one of the most isolated personality cults in the former Soviet space. Coin production for Turkmenistan during this period was contracted to foreign mints, as the country lacked domestic striking infrastructure.
The 500 Manat denomination reflected chronic inflation that had eroded the currency's purchasing power sharply through the mid-1990s.