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500 Manat
| Issuer | Ministry of Finance of the Republic of Azerbaijan |
|---|---|
| Year | 1993 |
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| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | State lottery bond certificate with guilloche underprint in mauve and pink tones. The national flag of Azerbaijan appears at left, with the central panel bearing the bond denomination in large letterpress text. Series and bond numbers printed twice in the upper and lower margins; date enclosed in a decorative rosette at right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Full reverse carries the printed terms and conditions of the 1993 Azerbaijan State Domestic Lottery Bond in Azerbaijani text, arranged in numbered clauses across multiple columns with a redemption value table at right. A guilloche border frames the composition, with the denomination in large letterpress text at the foot. |
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| Comments |
Azerbaijan's 1993 manat series was issued under extraordinarily difficult conditions — the country was simultaneously fighting a war with Armenia over Nagorno-Karabakh, managing the collapse of Soviet-era supply chains, and building monetary infrastructure from scratch after declaring independence in 1991. The Ministry of Finance, rather than a central bank, served as issuer because the National Bank of Azerbaijan had not yet assumed full institutional authority over currency emission.
The 500 manat was the highest denomination in this first generation of notes. Inflation quickly made it inadequate, and a second series followed within a few years before the currency was eventually redenominated entirely in 2006 at a rate of 5,000 old manat to one new manat.