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500 Manat Victory

Issuer Central Bank of Azerbaijan
Year 2021
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Printer Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date)
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Obverse description The obverse presents a panoramic vignette of the Jidir Plain with the historic Khodaafarin Bridge at centre, flanked by an underprint incorporating Ophrys caucasica orchids and poppies. Two soldiers hoisting a flag atop a hilltop appear as a symbolic vignette at right, evoking the Karabakh victory. The face value numeral 500 appears at lower right, with the quoted inscription of President İlham Əliyev and the date 8 November 2020 incorporated into the design.
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Reverse lettering BEŞ YÜZ MANAT 500 QARABAĞ AZƏRBAYCANDIR! İLHAM ƏLİYEV 8 NOYABR ZƏFƏR GÜNÜ 500
(Translation: Five Hundred Manat, Karabakh is Azerbaijan!, Ilham Aliyev, 8 November Victory Day)
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Comments

Issued in 2021 to commemorate Azerbaijan's victory in the Second Nagorno-Karabakh War — the 44-day conflict of autumn 2020 that ended with a Russian-brokered ceasefire and significant territorial gains for Baku — this is a commemorative high-denomination note rather than a workhorse of circulation. G+D in Leipzig has printed Azerbaijani currency since the manat's redenomination in 2006, making the relationship well-established, though commemorative issues of this type rarely see meaningful time in wallets.

The watermark remains the primary listed security feature, modest for a 500-manat face value in 2021.

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