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500 Manat

Issuer Central Bank of Turkmenistan
Year 2009
Type Non-circulating banknote
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Obverse description Central vignette bears a portrait of former President Saparmurat Nyýazow (Türkmenbaşy) against a background incorporating the national emblem of Turkmenistan and a map of the country. Guilloche underprint patterns frame the composition, with denomination numerals and issuer inscriptions in the national Turkmen script arranged along the upper and lower registers.
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Reverse lettering TÜRKMENISTANYŇ MERKEZI BANKY XXI ASYR – TÜRKMENIŇ ALTYN ASYRY BÄŞ ÝÜZ MANAT
(Translation: Central Bank of Turkmenistan, The 21st century is the golden age of the Turkmen, Five Hundred Manat)
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The 500 Manat was the highest denomination in Turkmenistan's second manat series, introduced after the 2009 redenomination that replaced the old manat at a rate of 5,000 to 1 — a correction necessitated by the severe inflation of the post-Soviet transition years. Thomas De La Rue handled the full series, a common arrangement for Central Asian states building new currency infrastructure from scratch after independence.

Watermark-only security for a top denomination is notably sparse. By 2009 this was well below standard practice for high-value notes, even by regional comparison.