The manat is the official currency of Turkmenistan since 1993, when it replaced the Russian ruble. The word “manat” is derived from the Persian word “munāt” and the Russian word “монета,” both of which mean “currency.” The first manat notes were introduced in denominations of 1, 5, 10, 20, 50, 100, and 500 manat, followed by 1000 manat in 1995 and 5000 and 10,000 manat in 1996. Then in 2005, a new series was introduced in denominations of 50, 100, 500, 1,000, 5,000, and 10,000 manat. In 2009, due to high inflation, a new manat was introduced with a new revaluation denomination of 1, 5, 10, 20, 50, 100, and 500 new manat.
The 10 Turkmenistan manat note front design features the portrait of Magtymguly Pyragy (c. 1724-1733 – c. 1807), was a Turkmen spiritual leader who is considered the Turkmen literature and the most famous figure in Turkmen literary history, on a background with ornamental Turkmenistani patterns. The design is completed with the National Emblem, a sketch map of Turkmenistan and the denomination. The reverse of the note illustrates the Central Bank of Turkmenistan’s headquarter, located in Ashgabat (Capital city), and the crescent with five stars included in the national flag and national emblem. The lettering in the note is presented in the Turkmen language. This note is part of the 2012 series, and its color is carmine and multicolor.
Text: Central Bank of Turkmenistan, this banknote is provided for all types of payments, Ten Manat, The 21st Century is the Golden Age of the Turkmen, 10, 2012.