500 Manat Victory

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Legenda del dritto	AZƏRBAYCAN MƏRKƏZİ BANKI BEŞ YÜZ MANAT QARABAĞ AZƏRBAYCANDIR! İLHAM ƏLİYEV 8 NOYABR 2020 8 NOYABR ZƏFƏR GÜNÜ AMB 500 (Translation: Central Bank of Azerbaijan, Five Hundred Manat, Karabakh is Azerbaijan!, Ilham Aliyev, 8 November 2020, 8 November Victory Day)
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Legenda del rovescio	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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Commenti	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.