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{{Short description|Currency of Azerbaijan}} |
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{{Use dmy dates|date=December 2023}} |
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| currency_name_in_local = Azərbaycan manatı <small>{{az icon}}</small> |
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{{Infobox currency |
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| image_1 = 1 manat obv.jpg |
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| name = Manat |
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| image_title_1 = Obverse of 1 manat |
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| local_name = Azərbaycan manatı |
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| image_2 = 100 manat obv.jpg |
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| local_name_lang = az |
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| image_title_2 = Obverse of 100 manat |
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| image_1 = 1 manat - 2020 - obv.jpg |
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| image_title_1 = ₼1 banknote obverse |
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| image_2 = Azerbaijani qapiks.jpg |
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| image_title_2 = Azerbaijani gapik coins |
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| iso_code = AZN |
| iso_code = AZN |
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| iso_comment=before 2006: {{ISO 4217|AZM}}, {{ISO 4217|AYM}} |
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| using_countries = {{flagicon|Azerbaijan}} [[Azerbaijan]] |
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| replaced_currency = [[Soviet ruble]] |
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| inflation_rate = 2.2% June 2012. |
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| using_countries = {{AZE}} |
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| inflation_source_date = [http://www.cbar.az/assets/2391/FSR_2012_2Q.pdf Central Bank of Azerbaijan] |
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| inflation_rate = 8.8%, December 2023 |
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| inflation_method = [[Consumer price index|CPI]] |
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| inflation_source_date = [https://www.cbar.az/home?language=en] |
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| subunit_ratio_1 = 1/100 |
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| subunit_ratio_1 = {{frac|1|100}} |
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| subunit_name_1 = [[Qapik|qəpik]] |
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| subunit_name_1 = [[Gapik]] |
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| symbol = [[File:Azeri manat symbol.svg|10px]], m, man. |
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| symbol = ₼ |
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| used_coins = 1, 3, 5, 10, 20, 50 [[qəpik]] |
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| unit=manat |
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| used_banknotes = 1, 5, 10, 20, 50, 100 manat |
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| no_plural = Y |
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| rarely_used_banknotes = [[500 manat|₼500]] |
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| used_coins = 1, 3, 5, 10, 20, 50 gapiks |
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| frequently_used_banknotes = ₼1, ₼5, ₼10, [[20 manat|₼20]], [[50 manat|₼50]], [[100 manat|₼100]], ₼200 |
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| issuing_authority = [[Central Bank of Azerbaijan]] |
| issuing_authority = [[Central Bank of Azerbaijan]] |
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| issuing_authority_website = www.cbar.az |
| issuing_authority_website = {{URL|www.cbar.az}} |
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}} |
}} |
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The ''' |
The '''manat''' ([[ISO 4217|ISO code]]: '''AZN'''; [[Currency symbol|sign]]: '''₼'''; abbreviation: '''m''') is the [[currency]] of [[Azerbaijan]]. It is subdivided into 100 ''[[gapik]]s''. |
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The first iteration of the currency emerged in the [[Azerbaijan Democratic Republic]] and its successor, the [[Azerbaijan Soviet Socialist Republic]], with the issues happening in 1919–1923. The currency underwent [[hyperinflation]], and was eventually substituted by the [[Transcaucasian ruble]], which, in its turn, was converted to the [[Soviet ruble]]. |
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The Azerbaijani manat symbol, [[File:Azeri manat symbol.svg|13px]], is currently not encoded in [[Unicode]], and m or man. can be used as a substitute for the manat symbol. |
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When Azerbaijan gained independence from the Soviet Union, it substituted the Soviet ruble with the manat, which also went through a period of high inflation in the first years, rendering the coinage obsolete. The current manat in circulation exists since the [[Redenomination of the Azerbaijani manat|redenomination in 2006]], when old manats (AZM) were substituted with lower face values and new design. The currency has mostly been pegged to the [[United States dollar|US dollar]], at what is now the rate of ₼1.70 to US$1. |
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==First Manat, 1919-1923== |
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The [[Azerbaijan Democratic Republic]] and its successor the [[Azerbaijani Soviet Socialist Republic]] issued their own currency between 1919 and 1923. The currency was called the manat (منات) in [[Azerbaijani language|Azeri]] and the ruble (рубль) in [[Russian language|Russian]], with the denominations written in both languages (and sometimes also in French) on the banknotes. The manat replaced the first [[Transcaucasian ruble]] at par and was replaced by the second Transcaucasian ruble after Azerbaijan became part of the [[Transcaucasian Soviet Federal Socialist Republic]]. No subdivisions were issued, and the currency only existed as banknotes. |
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The Azerbaijani manat [[Currency symbol|symbol]] was added to [[Unicode]] as {{Unichar|20BC|MANAT SIGN }} in 2013. A lowercase '''m''' was used previously, and may still be encountered when the manat symbol is unavailable. |
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===Banknotes=== |
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The Democratic Republic issued notes in denominations of 25, 50, 100, 250 and 500 manat, whilst the Soviet Socialist Republic issued notes in denominations of 5; 100; 1,000; 5,000; 10,000; 25,000; 50,000; 100,000; 250,000; 1 million and 5 million manat. |
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== Etymology == |
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==Second Manat, 1992-2006== |
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The word ''"manat"'' is derived from the Latin word ''"monēta"'' and the Russian word ''"монета"'' ("moneta") meaning "coin".<ref>{{cite web|title=Definition of Manat|url=https://www.merriam-webster.com/dictionary/manat|website=Dictionary by Merriam-Webster|access-date=19 March 2018}}</ref> It was used as the name of the [[Soviet ruble#Ruble in the Soviet Union|Soviet currency]] in Azeri ({{lang-az|манат}}) and in [[Turkmen language|Turkmen]]. |
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The second manat was introduced on 15 August 1992.<ref>{{cite web | author=[[National Bank of Azerbaijan]] | url=http://www.nba.az/?mod=inside&id=456&lang=en&sub1=463 | title=History of the National Bank of Azerbaijan | accessdate=2006-12-30}}</ref> It had the [[ISO 4217]] code AZM and replaced the [[Soviet ruble]] at a rate of 10 rubles to 1 manat. |
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== First manat, 1919–1923 == |
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From early 2002 to early 2005, the exchange rate was fairly stable (varying within a band of 4770–4990 manat per [[United States dollar|US dollar]]). Starting in the spring of 2005 there was a slight but steady increase in the value of the manat against the US dollar; the reason most likely being the increased flow of [[petrodollar]]s into the country, together with the generally high price of oil on the world market. At the end of 2005, one dollar was worth 4591 manat. Banknotes below 100 manat had effectively disappeared by 2005, as had the qəpik coins. |
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{{main|Azerbaijani ruble}} |
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The [[Azerbaijan Democratic Republic]] and its successor, the [[Azerbaijani Soviet Socialist Republic]] issued their own currency between 1919 and 1923. The currency was called the manat (منات) in [[Azerbaijani language|Azerbaijani]] and the ruble (рубль) in [[Russian language|Russian]], with the denominations written in both languages (and sometimes also in French) on the banknotes. The manat replaced the first [[Transcaucasian ruble#Second Transcaucasian ruble|Transcaucasian ruble]] at par, and was replaced by the second Transcaucasian ruble after Azerbaijan became part of the [[Transcaucasian Soviet Federal Socialist Republic]]. No subdivisions were issued, and the currency only existed as banknotes. |
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=== Banknotes === |
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The Democratic Republic issued notes in denominations of 25, 50, 100, 250, and 500 manats, whilst the Soviet Socialist Republic issued notes in denominations of 5, 100, 1,000, 5,000, 10,000, 25,000, 50,000, 100,000, 250,000, 1 million, and 5 million manats. |
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[[File:AZE001.JPG|thumb|right|Qəpik coins of the second manat]] |
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Coins were issued in denominations of 5, 10, 20 and 50 qəpik, dated 1992 and 1993. Although [[brass]] and [[cupro-nickel]] were used for some of the 1992 issues, later issues were all in [[aluminium]]. |
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== {{anchor|AZM}}Second manat, 1992–2006 == |
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===Banknotes=== |
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The second manat was introduced on 15 August 1992.<ref>{{cite web | publisher = [[National Bank of Azerbaijan]] | url=http://www.nba.az/?mod=inside&id=456&lang=en&sub1=463 | title=History of the National Bank of Azerbaijan | access-date=2006-12-30 | archive-url=https://web.archive.org/web/20070315162037/http://www.nba.az/?mod=inside&id=456&lang=en&sub1=463 | archive-date=2007-03-15 | url-status=dead }}</ref> It had the [[ISO 4217]] code AZM and replaced the [[Soviet ruble]] at a rate of Rbls 10 to 1 manat. |
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The following banknotes were issued for this currency |
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* 1, 5, 10, 250 manat (all first issued on 15 August 1992) |
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* 50, 100, 500, 1000 manat (all first issued in early 1993) |
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* 10,000 manat (first issued in August 1994) |
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* 50,000 manat (first issued in May 1996) |
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Banknotes with denominations from 1 to 250 manat featured [[Baku]]'s [[Maiden Tower (Baku)|Maiden Tower]]. |
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From early 2002 to early 2005, the exchange rate was fairly stable (varying within a band of 4,770–4,990 manats per [[United States dollar|US dollar]]). Starting in the spring of 2005 there was a slight but steady increase in the value of the manat against the US dollar; the reason most likely being the increased flow of [[petrodollar]]s into the country, together with the generally high [[price of oil]] on the world market. At the end of 2005, one dollar was worth 4,591 manats. Banknotes below 100 manats had effectively disappeared by 2005, as had the gapik coins. |
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==Third Manat, 2006== |
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[[File:5 manat Gül Tigin Yazıları.jpg|thumb|300px|right|Gul Tigin Turkish inscriptions in Azerbaijan manat]] |
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On 1 January 2006, a new manat (ISO 4217 code AZN, also called the "manat (national currency)") was introduced at a value of 5,000 old manat. Since 1 October 2005, prices have been indicated both in new manats and in old manats to ease transition. Coins denominated in qəpik, which had not been used from 1993 onwards due to [[inflation]], have been reintroduced with the redenomination. |
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=== Coins === |
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The former manat (ISO code 4217 AZM) remained valid till 31 December 2006. [http://publications.europa.eu/code/en/en-5000700.htm] |
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[[File:Second manat coins.jpg|thumb|right|Gapik coins of the second manat]] |
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Coins were issued in denominations of 5, 10, 20, and 50 gapiks, dated 1992 and 1993. Although [[brass]] and [[cupronickel]] were used for some of the 1992 issues, later issues were all in [[aluminium]]. These coins were rarely used in circulation. |
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=== |
=== Banknotes === |
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The following banknotes were issued for this currency |
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Coins in circulation are 1, 3, 5, 10, 20 and 50 ''[[qəpik]]'' (the latter being bimetallic, similar to the [[euro coins|€2 coin]], and the lower denominations closely resembling the size and shape of various euro cent coins). |
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* 1, 5, 10, 250 manats (all first issued on 15 August 1992) |
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* 50, 100, 500, 1,000 manats (all first issued in early 1993) |
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* 10,000 manats (first issued in August 1994) |
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* 50,000 manats (first issued in May 1996) |
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{| class="wikitable" style="font-size: 90%; text-align: center" |
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! colspan="2" |Image |
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! rowspan="2" |Value |
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! rowspan="2" |Size |
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(mm) |
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! rowspan="2" |Main colours |
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! colspan="2" |Description |
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! rowspan="2" |Print |
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|- |
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!Obverse |
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!Reverse |
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!Obverse |
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!Reverse |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP11-1Manat-(1992) f-1.jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP11-1Manat-(1992) b-1.jpg|125px]] |
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| rowspan="2" |1 manat |
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| rowspan="2" |125×63 |
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|pink |
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| rowspan="2" |[[Maiden Tower (Baku)|Maiden Tower]] in [[Baku]] |
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|inscription |
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«AZƏRBAYCAN MİLLİ BANKI» |
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|1992 |
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|- |
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| bgcolor="#000000" |[[File:1 manat 1993, Azerbaijan (obverse).jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP14-1Manat-(1993) b-1.jpg|125px]] |
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|yellow, blue |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «BİR manat» |
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|1993 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP15-5Manat-(1993)-donatedfr f.jpg|125px]] |
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| bgcolor="#000000" |[[File:5 manat 1993, Azerbaijan (reverse).jpg|125px]] |
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|5 manats |
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|125×63 |
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|brown, violet |
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|[[Maiden Tower (Baku)|Maiden Tower]] in [[Baku]] |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «BEŞ manat» |
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|1993 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP12-10Manat-(1992) f-donated.jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP12-10Manat-(1992) b-donated.jpg|125px]] |
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| rowspan="2" |10 manats |
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| rowspan="2" |125×63 |
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|brown |
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| rowspan="2" |[[Maiden Tower (Baku)|Maiden Tower]] in [[Baku]] |
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|надпись |
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«AZƏRBAYCAN MİLLİ BANKI» |
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|1992 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP16-10Manat-(1993) f-1.jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP16-10Manat-(1993) b-1.jpg|125px]] |
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|teal |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «ON manat» |
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|1993 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP17a-50Manat-(1993) f-1.jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP17a-50Manat-(1993) b-1.jpg|125px]] |
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|50 manats |
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|125×63 |
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|red, grey |
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|[[Maiden Tower (Baku)|Maiden Tower]] in [[Baku]] |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «ƏLLİ manat» |
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|1993 |
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1999 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP18a-100Manat-(1993) f-1.jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP18a-100Manat-(1993) b-1.jpg|125px]] |
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|100 manats |
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|125×63 |
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|pink, blue |
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|[[Maiden Tower (Baku)|Maiden Tower]] in [[Baku]] |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «YÜZ manat» |
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|1993 |
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1999 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP13b-250Manat-(1992) f-1.jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP13b-250Manat-(1992) b-1.jpg|125px]] |
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|250 manats |
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|125×63 |
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|green |
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|[[Maiden Tower (Baku)|Maiden Tower]] in [[Baku]] |
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|inscription |
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«AZƏRBAYCAN MİLLİ BANKI» |
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|1992 |
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1999 |
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|- |
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| bgcolor="#000000" |[[File:500 manat 1993, Azerbaijan (obverse).jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP19b-500Manat-(1993) b-1.jpg|125px]] |
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|500 manats |
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|125×63 |
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|brown, blue and orange |
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|Portrait of [[Nizami Ganjavi]] |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «BEŞ YÜZ manat» |
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|1993 |
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1999 |
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|- |
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| bgcolor="#000000" |[[File:1000 manat 1993, Azerbaijan (obverse).jpg|125px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP20a-1000Manat-(1993) b-1.jpg|125px]] |
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| rowspan="2" |1,000 manats |
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| rowspan="2" |125×63 |
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|brown and blue |
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|Portrait of [[Mahammad Amin Rasulzade]] |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «min 1000 manat» |
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|1993 |
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1999 |
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|- |
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| bgcolor="#000000" |[[File:1000 manat 2001, Azerbaijan (obverse).jpg|125px]] |
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| bgcolor="#000000" |[[File:1000 manat 2001, Azerbaijan (reverse).jpg|125px]] |
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|blue |
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|Oil industry theme |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «MİN 1000 manat» |
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|2001 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP21b-10000Manat-(1994) f-1.jpg|130px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP21b-10000Manat-(1994) b-1.jpg|130px]] |
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|10,000 manats |
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|130×65 |
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|brown |
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|[[Palace of the Shirvanshahs]] |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «ON MİN 10 000 manat» |
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|1994 |
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|- |
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| bgcolor="#000000" |[[File:AzerbaijanP22-50000Manat-1995-donatedir f.jpg|132px]] |
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| bgcolor="#000000" |[[File:AzerbaijanP22-50000Manat-1995-donatedir b.jpg|132px]] |
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|50,000 manats |
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|132×66 |
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|green |
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|Momine Khatun Mausoleum |
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|inscription «AZƏRBAYCAN MİLLİ BANKI» |
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and denomination «ƏLLİ MİN 50 000 manat» |
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|1995 |
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|} |
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== {{anchor|AZN}}Third manat, 2006 == |
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===Banknotes=== |
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{{see|Redenomination of Azerbaijani manat}} |
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Banknotes in circulation are 1, 5, 10, 20, 50 and 100 manat. They were designed by [[Austria]]n [[Robert Kalina]], who was also responsible for the current [[Euro banknote]]s. The notes look quite similar to those of the euro and the choice of motifs was inspired by the euro banknotes. As a result of the Referendum Act of the Azerbaijan Republic dated 18 March 2009, the Azərbaycan Milli Bankı (National Bank of Azerbaijan) was renamed the Azərbaycan Mərkəzi Bankı (Central Bank of Azerbaijan). In 2010, the 1-manat banknote was issued with the new name of the issuing bank. |
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On 1 January 2006, a new manat (ISO 4217 code AZN, also called the "manat (national currency)") was introduced at a ratio of 1 new manat to 5,000 old manats. From 1 October 2005, prices were indicated both in new manats and in old manats to ease the transition. Coins denominated in qəpik, which had not been used from 1993 onward due to [[inflation]], were reintroduced with the re-denomination. The former manat (ISO code 4217 AZM) remained in use through to 31 December 2006.<ref>{{cite web |url=http://publications.europa.eu/code/en/en-5000700.htm |title=Currency codes |date=7 January 2014|work=Interinstitutional style guide |publisher=[[Europa (web portal)|European Union]]}}</ref> |
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=== Symbol === |
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The new banknotes and Azerbaijani manat symbol, ₼, were designed by [[Robert Kalina]] in 2006, and the symbol was added to [[Unicode]] (U+20BC) in 2013, after failed addition proposals between 2008 and 2011.<ref>{{cite web |url=http://code.az/azeri-manat-symbol-coming-to-unicode-u20bc/ |title=Azeri Manat symbol is coming to Unicode (U+20BC) |date=Jun 18, 2013 |first=Rustam |last=Aliyev |work=Code.az}}</ref> The final Azerbaijani Manat symbol design was inspired by the design of the [[Euro sign]] (€), based on an initial proposal by Mykyta Yevstifeyev,<ref>{{cite web |url=http://std.dkuug.dk/jtc1/sc2/wg2/docs/n4445.pdf |title=Proposal to add the currency sign for the Azerbaijani Manat to the UCS |date=2013-06-10 |first=Karl |last=Pentzlin |type=PDF}}</ref> and resembles a single-bar Euro sign rotated 90° clockwise. The manat symbol is displayed to the right of the amount in Azeri and Russian. |
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=== {{anchor|AYM}}Code === |
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The new manat was initially assigned the code AYM on being added to the [[ISO 4217]] standard on 1 June 2005, with an effective date of 1 January 2006.<ref>[https://www.six-group.com/dam/download/financial-information/data-center/iso-currrency/amendments/dl_currency_iso_amendment_127.pdf Currency ISO Amendment] six-group.com</ref> However, this was removed and replaced by AZN on 13 October 2005 as it did not comply with the ISO 4217 currency coding standardization rules (which state that currency codes must begin with the [[ISO 3166-1 alpha-2]] code for the relevant country).<ref>[https://www.six-group.com/dam/download/financial-information/data-center/iso-currrency/amendments/dl_currency_iso_amendment_129.pdf Currency ISO Amendment] six-group.com</ref> |
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=== Coins === |
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Coins in circulation are 1, 3, 5, 10, 20 and 50 gapiks. |
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Most coins closely resemble the size and shape of various euro coins. Most notably the [[bimetallic coin|bimetallic]] 50 gapik (similar to the [[euro coins|€2 coin]]) and the 10 gapik (Spanish flower, like the 20 euro cent coin). Coins were first put into circulation during January 2006 and do not feature a mint year. |
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{|class="wikitable" style="font-size: 90%" |
{|class="wikitable" style="font-size: 90%" |
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|- |
|- |
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!colspan="2"| Image !!rowspan="2"| Value !!colspan="3"| Technical parameters !!colspan="3"| Description |
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! colspan="8" style="text-align: center" | Banknotes of the Third Manat |
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|- style="text-align: center" |
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!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Dimensions !!rowspan="2"| Main Colour !!colspan="3"| Description |
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|- |
|- |
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! Obverse !! Reverse !! |
! Obverse !! Reverse !! Diameter !! Mass !! Composition !! Edge !! Obverse !! Reverse |
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|-{{Coin-copper-color}} |
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| style="background:white;text-align:center" | [[File:1 Azerbaijani qəpik Obverse.jpg|65 px|center]] |
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| style="background:white;text-align:center" | [[File:1 Azerbaijani qəpik Reverse.jpg|65 px|center]] |
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| 1 gapik |
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| 16.25 mm |
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| 2.8 g |
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|rowspan="3"|[[Copper]]-plated [[steel]] |
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| Plain |
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| rowspan="6"| Map of Azerbaijan, country name, value |
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| Traditional musical instruments, denomination left |
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|-{{Coin-copper-color}} |
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| style="background:white;text-align:center" | [[File:3 Azerbaijani qəpik Obverse.jpg|72 px|center]] |
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| style="background:white;text-align:center" | [[File:3 Azerbaijani qəpik Reverse.jpg|72 px|center]] |
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| 3 gapiks |
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| 18 mm |
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| 3.45 g |
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| Smooth with a groove |
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| Books and quill, denomination above |
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|-{{Coin-copper-color}} |
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| style="background:white;text-align:center" | [[File:5 Azerbaijani qəpik Obverse.jpg|79 px|center]] |
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| style="background:white;text-align:center" | [[File:5 Azerbaijani qəpik Reverse.jpg|79 px|center]] |
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| 5 gapiks |
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| 19.75 mm |
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| 4.85 g |
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| Reeded |
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| The [[Maiden Tower (Baku)|Maiden Tower]], denomination below |
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|-{{Coin-yellow-color}} |
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| style="background:white;text-align:center" | [[File:10 Azerbaijani qəpik Obverse.jpg|89 px|center]] |
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| style="background:white;text-align:center" | [[File:10 Azerbaijani qəpik Reverse.jpg|89 px|center]] |
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| 10 gapiks |
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| 22.25 mm |
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| 5.1 g |
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| rowspan="2"| [[Brass]]-plated [[steel]] |
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| Smooth with seven indentations |
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| Military helmet of the region of [[Nagorno-Karabakh]], denomination left |
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|-{{Coin-yellow-color}} |
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| style="background:white;text-align:center" | [[File:20 Azerbaijani qəpik Obverse.jpg|97 px|center]] |
|||
| style="background:white;text-align:center" | [[File:20 Azerbaijani qəpik Reverse.jpg|97 px|center]] |
|||
| 20 gapiks |
|||
| 24.25 mm |
|||
| 6.6 g |
|||
| Segmented reeding |
|||
| Spiral staircase, Geometry & Geometrical symbols, denomination left |
|||
|- |
|||
| style="background:white;text-align:center" | [[File:50 Azerbaijani qəpik Obverse.jpg|102 px|center]] |
|||
| style="background:white;text-align:center" | [[File:50 Azerbaijani qəpik Reverse.jpg|102 px|center]] |
|||
| 50 gapiks |
|||
| 25.5 mm |
|||
| 7.7 g |
|||
| Bi-Metallic [[Brass]]-plated [[steel]] center in [[Stainless Steel]] ring |
|||
| Reeding over lettering (AZƏRBAYCAN RESPUBLIKASI) |
|||
| Two [[oil wells]], denomination left |
|||
|} <!-- ratio: 1mm:4px --> |
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=== Banknotes === |
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Banknotes in circulation are ₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200, and ₼500. They were designed by [[Austria]]n banknote designer [[Robert Kalina]], who also designed the current banknotes of the [[euro]] and the [[Syrian pound]]. The notes look quite similar to those of the euro, and the choice of motifs was inspired by the euro banknotes. |
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In 2009, the Azərbaycan Milli Bankı (National Bank of Azerbaijan) was renamed the Azərbaycan Respublikasının Mərkəzi Bankı (Central Bank of Azerbaijan). In 2010, the ₼1 banknote was issued with the new name of the issuing bank, in 2012 a ₼5 banknote was issued with the new name of the issuing bank and in 2017 a 100₼ banknote dated 2013 was issued with the new name of the issuing bank. |
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In 2011 Azerbaijan's Ministry of Finance announced it was considering issuing notes of ₼2 and ₼3 as well as notes with values larger than ₼100.<ref>Trend.az (17-11-2011). Available at http://www.trend.az/capital/business/1958468.html</ref> In February 2013, the Central Bank of Azerbaijan announced it would not introduce larger denomination notes until at least 2014.<ref>Trend.az (26-02-2013). Available at http://www.trend.az/capital/business/2123837.html</ref> |
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In 2018, a ₼200 banknote was issued to commemorate Heydar Aliyev's 95th birthday.<ref>{{Cite web |url=https://en.cbar.az/releases/2018/05/23/central-bank-presents-new-currency/ |title=Central Bank of the Republic of Azerbaijan - Central Bank presents new currency |access-date=2018-05-25 |archive-url=https://web.archive.org/web/20181016170511/https://en.cbar.az/releases/2018/05/23/central-bank-presents-new-currency/ |archive-date=2018-10-16 |url-status=dead }}</ref> |
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Redesigned ₼1, ₼5, and ₼50 banknotes were introduced in 2021, preserving the same motifs but with updated designs.<ref>{{Cite web|url=https://www.cbar.az/page-466/upgraded-1-5-and-50-manat-banknotes|title = Yenilənmiş 1, 5 və 50 manatlıq pul nişanları}}</ref> These circulate in parallel with existing notes. |
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A new commemorative ₼500 banknote was introduced in 2021.<ref>{{Cite web|url=https://www.cbar.az/press-release-3372/mrkzi-bankda-zfr-gunu-il-laqdar-tdavul-buraxilan-xatir-pul-nisanlarinin-tqdimat-mrasimi-kecirildi?language=en#page-2|title = Central Bank presents commemorative currency issued to circulation due to V-Day}}</ref> |
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==== 2005 series ==== |
|||
{| class="wikitable" style="font-size: 90%" |
|||
|- |
|- |
||
! colspan="2" | Image !! rowspan="2" | Value !! rowspan="2" | Dimensions !! rowspan="2" | Main Color !! colspan="2" | Description !! rowspan="2" | Year |
|||
|align="center" bgcolor="#000000"| [[File:1 manat obv.jpg|84px]] |
|||
|align="center" bgcolor="#000000"| [[File:1 manat rev.jpg|84px]] |
|||
| 1 manat |
|||
| 120 × 70 mm |
|||
| Grey |
|||
| Culture |
|||
| Azerbaijani [[folk music]] instruments ([[daf]], [[kamancheh]], [[Tar (lute)|tar]]) |
|||
| [[Decorative arts|Ornaments]] of ancient Azerbaijani carpets |
|||
|- |
|- |
||
! Obverse !! Reverse !! Obverse !! Reverse |
|||
|align="center" bgcolor="#000000"| [[File:5 manat obv.jpg|89px]] |
|||
|align="center" bgcolor="#000000"| [[File:5 manat rev.jpg|89px]] |
|||
| 5 manat |
|||
| 127 × 70 mm |
|||
| Orange |
|||
| Writing and literature |
|||
| Ancient writers, poets, and books from Azerbaijan, with a written excerpt of the [[National Anthem of the Republic of Azerbaijan|national anthem]] and letters from the contemporary [[Azerbaijani alphabet]] |
|||
| Rock drawings of [[Gobustan Rock Art Cultural Landscape|Gobustan]], samples of [[Old Turkic script]] |
|||
|- |
|- |
||
| [[File:1 Azerbaijani manat in 2005 Obverse.jpg|120 px|center]] |
|||
|align="center" bgcolor="#000000"| [[File:10_manat_obv.jpg|94px]] |
|||
|
| [[File:1 Azerbaijani manat in 2005 Reverse.jpg|120 px|center]] |
||
| rowspan="2" | ₼1 |
|||
| 10 manat |
|||
| |
| rowspan="2" | 120 × 70 mm |
||
| rowspan="2" | Grey |
|||
| Blue |
|||
| rowspan="2" | Theme: Culture<br /> |
|||
| History |
|||
Azerbaijani [[folk music]] instruments ([[daf]], [[kamancheh]], [[Tar (lute)|tar]]) |
|||
| Old Baku, the [[Palace of the Shirvanshahs]] and the [[Maiden Tower (Baku)|Maiden Tower]] against a background of the [[Icheri Sheher]] wall |
|||
| Ornaments of |
| rowspan="2" | [[Decorative arts|Ornaments]]ofregional carpets |
||
| 2005 |
|||
|- |
|||
| [[File:1 Azerbaijani manat in 2017 Obverse.jpg|120 px|center]] |
|||
| [[File:1 Azerbaijani manat in 2017 Reverse.jpg|120 px|center]] |
|||
| 2009, 2017 |
|||
|- |
|||
| [[File:5 Azerbaijani manat in 2005 Obverse.jpg|127 px|center]] |
|||
| [[File:5 Azerbaijani manat in 2005 Reverse.jpg|127 px|center]] |
|||
| rowspan="2" | ₼5 |
|||
| rowspan="2" | 127 × 70 mm |
|||
| rowspan="2" | Orange |
|||
| rowspan="2" | Theme: Writing and literature<br /> |
|||
Writers, poets, and books from Azerbaijan, with a written excerpt of the [[National Anthem of the Republic of Azerbaijan|national anthem]] (''Namusunu hifz etmeyə, Bayrağını yükseltməyə, Çümlə gənclər müştaqdır! Şanlı Vətən! Şanlı Vətən! Azərbaycan! Azərbaycan!'') and letters from the contemporary [[Azerbaijani alphabet]] (ə, ö, ğ, ş) |
|||
| rowspan="2" | Rock drawings of [[Gobustan Rock Art Cultural Landscape|Gobustan]], samples of [[Old Turkic script]] |
|||
| 2005 |
|||
|- |
|||
| [[File:5 Azerbaijani manat in 2017 Obverse.jpg|127 px|center]] |
|||
| [[File:5 Azerbaijani manat in 2017 Reverse.jpg|127 px|center]] |
|||
| 2009, 2017 |
|||
|- |
|||
| [[File:10 Azerbaijani manat in 2005 Obverse.jpg|134 px|center]] |
|||
| [[File:10 Azerbaijani manat in 2005 Reverse.jpg|134 px|center]] |
|||
| rowspan="2" | ₼10 |
|||
| rowspan="2" | 134 × 70 mm |
|||
| rowspan="2" | Teal |
|||
| rowspan="2" | Theme: History<br /> |
|||
Old Baku, the [[Palace of the Shirvanshahs]] and the [[Maiden Tower (Baku)|Maiden Tower]] against a background of the [[Icheri Sheher]] wall |
|||
| rowspan="2" | Ornaments of regional carpets |
|||
| 2005 |
|||
|- |
|||
| [[File:10 Azerbaijani manat 2018 Obverse.jpg|134 px|center]] |
|||
| [[File:10 Azerbaijani manat 2018 Reverse.jpg|134 px|center]] |
|||
| 2018 |
|||
|- |
|- |
||
| [[File:20 Azerbaijani manat in 2005 Obverse.jpg|141 px|center]] |
|||
|align="center" bgcolor="#000000"| [[File:20_manat_obv.jpg|99px]] |
|||
| [[File:20 Azerbaijani manat in 2005 Reverse.jpg|141 px|center]] |
|||
|align="center" bgcolor="#000000"| [[File:20_manat_rev.jpg|99px]] |
|||
| 20 manat |
| [[20 manat|₼20]] |
||
| 141 × 70 mm |
| 141 × 70 mm |
||
| Green |
| Green |
||
| [[Karabakh]] |
| Theme: [[Karabakh]]<br /> |
||
|
Signs of power (a sword, a helmet and a shield) |
||
| Symbol of peace (''harybulbul'') |
| Symbol of peace (''harybulbul'') |
||
| 2005 |
|||
|- |
|- |
||
|
| [[File:50 Azerbaijani manat in 2005 Obverse.jpg|148 px|center]] |
||
|
| [[File:50 Azerbaijani manat in 2005 Reverse.jpg|148 px|center]] |
||
| 50 manat |
| [[50 manat|₼50]] |
||
| 148 × 70 mm |
| 148 × 70 mm |
||
| Yellow |
| Yellow |
||
| History and future |
| Theme: History and future<br /> |
||
|
Youth, stairs (as a symbol of progress), the sun (as a symbol of force and light) and chemical and mathematical symbols (as signs of science) |
||
| Ornaments of |
| Ornaments of regional carpets |
||
| 2005 |
|||
|- |
|- |
||
| [[File:100 Azerbaijani manat in 2005 Obverse.jpg|155 px|center]] |
|||
|align="center" bgcolor="#000000"| [[File:100_manat_obv.jpg|109px]] |
|||
|
| [[File:100 Azerbaijani manat in 2005 Reverse.jpg|155 px|center]] |
||
| 100 manat |
| rowspan="2" | [[100 manat|₼100]] |
||
| 155 × 70 mm |
| rowspan="2" | 155 × 70 mm |
||
| Mauve |
| rowspan="2" | Mauve |
||
| Economy and development |
| rowspan="2" | Theme: Economy and development<br /> |
||
|
Architectural symbols from antiquity up to today, the manat currency symbol (₼) and symbols of economic growth |
||
| Ornaments of |
| rowspan="2" | Ornaments of regional carpets |
||
| 2005 |
|||
|- |
|- |
||
| [[File:100 Azerbaijani manat in 2013 Obverse.jpg|155 px|center]] |
|||
|colspan="8"|{{Standard banknote table notice|standard_scale=Y|BrE=Y}} |
|||
| [[File:100 Azerbaijani manat in 2013 Reverse.jpg|155 px|center]] |
|||
| 2013 |
|||
|- |
|||
| [[File:200 Azerbaijani manat in 2018 Obverse.jpg|160 px|center]] |
|||
| [[File:200 Azerbaijani manat in 2018 Reverse.jpg|160 px|center]] |
|||
| ₼200 |
|||
| 160 × 70 mm |
|||
| Blue |
|||
| Theme: Modern architecture<br /> |
|||
The [[Heydar Aliyev Center]], [[Baku]] |
|||
| Ornaments of regional carpets |
|||
| 2018 |
|||
|} |
|} |
||
==== 2020 refurbishment ==== |
|||
{{Exchange Rate|AZN|RUB|TRY|GEL|AMD}} |
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{| class="wikitable" style="font-size: 90%" |
|||
|- |
|||
! colspan="2" | Image !! rowspan="2" | Value !! rowspan="2" | Dimensions !! rowspan="2" | Main Color !! colspan="2" | Description !! rowspan="2" | Year |
|||
|- |
|||
! Obverse !! Reverse !! Obverse !! Reverse |
|||
|- |
|||
| [[File:1 manat - 2020 - obv.jpg|center|123x123px]] |
|||
| [[File:1 manat - 2020 - rev.jpg|center|124x124px]] |
|||
| ₼1 |
|||
| 120 × 70 mm |
|||
| Grey |
|||
| Theme: Culture<br /> |
|||
Azerbaijani [[folk music]] instruments ([[daf]], [[kamancheh]], [[Tar (lute)|tar]]) |
|||
| rowspan="5" | Map of [[Azerbaijan]] |
|||
| rowspan="2" | 2020 |
|||
|- |
|||
| [[File:5 manat - 2020 - obv.jpg|center|131x131px]] |
|||
| [[File:5 manat - 2020 - rev.jpg|center|130x130px]] |
|||
| ₼5 |
|||
| 127 × 70 mm |
|||
| Orange |
|||
| Theme: Writing and literature<br /> |
|||
Writers, poets, and books from Azerbaijan, with the lyrics of the full [[Azərbaycan marşı]] |
|||
|- |
|||
| |
|||
|[[File:10_manat_2022.jpg|frameless|131x131px]] |
|||
| ₼10 |
|||
|134 × 70 mm |
|||
|Teal |
|||
|Theme: History |
|||
Old Baku, the [[Palace of the Shirvanshahs]] and the [[Maiden Tower (Baku)|Maiden Tower]] against a background of the [[Icheri Sheher]] wall |
|||
|2022 |
|||
|- |
|||
|[[File:Azerbaijan 20 manat 2020 obverse.jpg|141x141px]] |
|||
|[[File:Azerbaijan 20 manat 2020 reverse.jpg|141x141px]] |
|||
| ₼20 |
|||
|141 × 70 mm |
|||
|Green |
|||
|Theme: [[Karabakh]]<br /> |
|||
Signs of power (a sword, a helmet and a shield) |
|||
|2022 |
|||
|- |
|||
|[[File:50 manat - 2020 - obv.jpg|center|142x142px]] |
|||
|[[File:50 manat - 2020 - rev.jpg|center|142x142px]] |
|||
| ₼50 |
|||
|148 × 70 mm |
|||
|Yellow and brown |
|||
|Theme: History and future<br /> |
|||
Youth, stairs (as a symbol of progress), the sun (as a symbol of force and light) and chemical and mathematical symbols (as signs of science) |
|||
|2020 |
|||
|- |
|||
|[[File:Azerbaijan 500 manat Karabakh obverse.jpg|center|168x168px]] |
|||
|[[File:Azerbaijan 500 manat Karabakh reverse.jpg|center|169x169px]] |
|||
| ₼500 |
|||
(commemorative) |
|||
|165 × 70 mm |
|||
|Brown, red, green and blue |
|||
|Theme: The [[2020 Nagorno-Karabakh war|2020 Karabakh War]]<br /> |
|||
[[Poppy|Poppies]], [[Khodaafarin Bridges|Khodaafarin stone bridges]] |
|||
|[[Vagif Mausoleum|Mausoleum of Molla Panah Vagif]]; [[Askeran fortress]] |
|||
|2021 |
|||
|} |
|||
=== Exchange rates === |
|||
==Export restrictions== |
|||
*Before Feb 2015: US$1 = ₼0.78 |
|||
Azerbaijani law prohibits the export of the local currency by non-residents.<ref>[http://www.thebestofazerbaijan.com/Azerbaijancurrency.html the Best of Azerbaijan<!-- Bot generated title -->]</ref> |
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*Feb - Dec 2015: US$1 = ₼1.05 |
|||
*Dec 2015 - Apr 2017: Fluctuate |
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*May 2017 onwards: US$1 = ₼1.7 ([[Currency peg|pegged]]) |
|||
{{Exchange Rate|AZN|RUB|TRY|GEL|AMD}} |
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==See also== |
== See also == |
||
* [[Central Bank of Azerbaijan]] |
* [[Central Bank of Azerbaijan]] |
||
* [[ |
* [[Turkmenistani manat]] |
||
* [[Economy of Azerbaijan]] |
* [[Economy of Azerbaijan]] |
||
* [[Banking in Azerbaijan]] |
* [[Banking in Azerbaijan]] |
||
==References== |
== References == |
||
<ref> {{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Azerbaijan | edition = 1 | date = 27 Apr 2012 | year = 2012 | location = San Francisco, CA | pages = 10 | url = [http://www.banknotebook.com www.banknotebook.com] | accessdate = 2012-04-27}}</ref> |
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{{Reflist}} |
{{Reflist}} |
||
{{refbegin}} |
{{refbegin}} |
||
*{{numis cite SCWC|date=1991}} |
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*{{numis cite SCWPM|date=1994}} |
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*{{numis cite SCWPM|date=1990.s}} |
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{{refend}} |
{{refend}} |
||
==External links== |
== External links == |
||
* |
* [http://derstandard.at/?url=/?id=2291608 ''Der Standard'' article on the redenomination] {{in lang|de}} |
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* [https://web.archive.org/web/20150801050709/http://banknoter.com/s/azerbaijan Azerbaijan Manat: Catalog of Banknotes] |
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* [http://azer.com/aiweb/categories/magazine/ai143_folder/143_articles/143_manat.html Azerbaijan International. Azerbaijan's New Manats: Design and Transition to a New Currency] |
* [http://azer.com/aiweb/categories/magazine/ai143_folder/143_articles/143_manat.html Azerbaijan International. Azerbaijan's New Manats: Design and Transition to a New Currency] |
||
* [http://files.preslib.az/projects/remz/pdf_en/atr_pullar.pdf Catalog of Azeri coins and banknotes] |
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* [http://www.bakutoday.net/view.php?d=15580 ''Baku Today'' article on the same with more pictures] |
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* {{CISCoins|Azerbaijan}} |
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* [http://www.bis-ans-ende-der-welt.net/Aserbaidschan-B-En.htm The banknotes of Azerbaijan] {{in lang|en|de|fr}} |
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{{n-start|title=First manat}} |
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{{n-before|currency=First [[Transcaucasian ruble]]|ratio=at par}} |
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{{n-currency|location=[[Azerbaijan]]|start=1919|end=1923}} |
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{{n-after|currency=Second [[Transcaucasian ruble]]}} |
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{{n-end}} |
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{{n-start|title=Second manat}} |
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{{n-before|currency=[[Russian ruble]]|reason=independence from [[Soviet Union]]|ratio=1 manat = 10 rubles}} |
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{{n-currency|location=[[Azerbaijan]]|start=1992|end=31 December 2005}} |
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{{n-after|currency=Third manat|reason=inflation|ratio=1 third manat = 5000 second manat}} |
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{{n-end}} |
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{{n-start|title=Third manat}} |
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{{n-before|currency=Second manat|reason=inflation|ratio=1 third manat = 5000 second manat}} |
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{{n-currency|location=[[Azerbaijan]]|start=1 January 2006}} |
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{{n-after}} |
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{{n-end}} |
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{{Azerbaijan topics}} |
{{Azerbaijan topics}} |
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{{Currencies of Asia}} |
{{Currencies of Asia}} |
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{{Currencies of post-Soviet states}} |
{{Currencies of post-Soviet states}} |
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{{Currency symbols}} |
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{{Portal bar|Asia|Azerbaijan|Europe|Money|Numismatics}} |
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[[Category:Currencies of Azerbaijan|Manat]] |
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{{DEFAULTSORT:Azerbaijani Manat}} |
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[[Category: |
[[Category:Finance in Azerbaijan|Manat]] |
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[[Category: |
[[Category:Economy of Azerbaijan|Manat]] |
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[[Category: |
[[Category:Currencies introduced in 1919]] |
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[[Category:Currencies introduced in 1992]] |
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[[ar:مانات أذربيجاني]] |
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[[az:Azərbaycan manatı]] |
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[[be:Азербайджанскі манат]] |
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[[bs:Azerbejdžanski manat]] |
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[[ca:Manat azerbaidjanès]] |
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[[cs:Ázerbájdžánský manat]] |
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[[da:Aserbajdsjanske manat]] |
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[[de:Aserbaidschan-Manat]] |
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[[el:Μανάτ του Αζερμπαϊτζάν]] |
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[[es:Manat azerbaiyano]] |
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[[eo:Azerbajĝana manato]] |
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[[fa:منات جمهوری آذربایجان]] |
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[[fr:Manat azerbaïdjanais]] |
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[[ko:아제르바이잔 마나트]] |
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[[hr:Azerbajdžanski manat]] |
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[[bpy:আজারবাইজানি মানাত]] |
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[[id:Manat Azerbaijan]] |
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[[it:Manat azero]] |
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[[he:מאנאט אזרבייג'ני]] |
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[[ka:აზერბაიჯანული მანათი]] |
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[[ky:Азербайжанлык манат]] |
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[[lt:Azerbaidžano manatas]] |
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[[hu:Azeri manat]] |
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[[mk:Азербејџански манат]] |
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[[mr:अझरबैजानी मनात]] |
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[[arz:مانات اذرى]] |
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[[ms:Manat Azerbaijan]] |
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[[nl:Azerbeidzjaanse manat]] |
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[[ja:アゼルバイジャン・マナト]] |
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[[no:Aserbajdsjansk manat]] |
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[[nn:Aserbajdsjansk manat]] |
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[[uz:Ozarbayjon manati]] |
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[[pl:Manat azerski]] |
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[[pt:Manat azeri]] |
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[[ro:Manat azer]] |
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[[ru:Азербайджанский манат]] |
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[[simple:Azerbaijani manat]] |
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[[sk:Azerbajdžanský manat]] |
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[[sr:Азербејџански манат]] |
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[[sh:Azerbejdžanski manat]] |
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[[su:Manat Azerbaijan]] |
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[[sv:Azerbajdzjansk manat]] |
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[[ta:அசர்பைஜானிய மனாட்]] |
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[[tg:Манати Озарбойҷон]] |
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[[tr:Azerbaycan manatı]] |
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[[tk:Äzerbeýjan Manatı]] |
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[[uk:Азербайджанський манат]] |
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[[vep:Azerbaidžanan manat]] |
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[[yo:Manat Azerbaijani]] |
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[[zh:阿塞拜疆马纳特]] |
Azərbaycan manatı (Azerbaijani) | |||||
---|---|---|---|---|---|
| |||||
ISO 4217 | |||||
Code | AZN (numeric: 944) before 2006: AZM, AYM | ||||
Subunit | 0.01 | ||||
Unit | |||||
Unit | manat | ||||
Plural | The language(s) of this currency do(es) not have a morphological plural distinction. | ||||
Symbol | ₼ | ||||
Denominations | |||||
Subunit | |||||
1⁄100 | Gapik | ||||
Banknotes | |||||
Freq. used | ₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200 | ||||
Rarely used | ₼500 | ||||
Coins | 1, 3, 5, 10, 20, 50 gapiks | ||||
Demographics | |||||
Replaced | Soviet ruble | ||||
User(s) | ![]() | ||||
Issuance | |||||
Central bank | Central Bank of Azerbaijan | ||||
Website | www | ||||
Valuation | |||||
Inflation | 8.8%, December 2023 | ||||
Source | [1] |
The manat (ISO code: AZN; sign: ₼; abbreviation: m) is the currencyofAzerbaijan. It is subdivided into 100 gapiks.
The first iteration of the currency emerged in the Azerbaijan Democratic Republic and its successor, the Azerbaijan Soviet Socialist Republic, with the issues happening in 1919–1923. The currency underwent hyperinflation, and was eventually substituted by the Transcaucasian ruble, which, in its turn, was converted to the Soviet ruble.
When Azerbaijan gained independence from the Soviet Union, it substituted the Soviet ruble with the manat, which also went through a period of high inflation in the first years, rendering the coinage obsolete. The current manat in circulation exists since the redenomination in 2006, when old manats (AZM) were substituted with lower face values and new design. The currency has mostly been pegged to the US dollar, at what is now the rate of ₼1.70 to US$1.
The Azerbaijani manat symbol was added to UnicodeasU+20BC ₼ MANAT SIGN in 2013. A lowercase m was used previously, and may still be encountered when the manat symbol is unavailable.
The word "manat" is derived from the Latin word "monēta" and the Russian word "монета" ("moneta") meaning "coin".[1] It was used as the name of the Soviet currency in Azeri (Azerbaijani: манат) and in Turkmen.
The Azerbaijan Democratic Republic and its successor, the Azerbaijani Soviet Socialist Republic issued their own currency between 1919 and 1923. The currency was called the manat (منات) in Azerbaijani and the ruble (рубль) in Russian, with the denominations written in both languages (and sometimes also in French) on the banknotes. The manat replaced the first Transcaucasian ruble at par, and was replaced by the second Transcaucasian ruble after Azerbaijan became part of the Transcaucasian Soviet Federal Socialist Republic. No subdivisions were issued, and the currency only existed as banknotes.
The Democratic Republic issued notes in denominations of 25, 50, 100, 250, and 500 manats, whilst the Soviet Socialist Republic issued notes in denominations of 5, 100, 1,000, 5,000, 10,000, 25,000, 50,000, 100,000, 250,000, 1 million, and 5 million manats.
The second manat was introduced on 15 August 1992.[2] It had the ISO 4217 code AZM and replaced the Soviet ruble at a rate of Rbls 10 to 1 manat.
From early 2002 to early 2005, the exchange rate was fairly stable (varying within a band of 4,770–4,990 manats per US dollar). Starting in the spring of 2005 there was a slight but steady increase in the value of the manat against the US dollar; the reason most likely being the increased flow of petrodollars into the country, together with the generally high price of oil on the world market. At the end of 2005, one dollar was worth 4,591 manats. Banknotes below 100 manats had effectively disappeared by 2005, as had the gapik coins.
Coins were issued in denominations of 5, 10, 20, and 50 gapiks, dated 1992 and 1993. Although brass and cupronickel were used for some of the 1992 issues, later issues were all in aluminium. These coins were rarely used in circulation.
The following banknotes were issued for this currency
Image | Value | Size
(mm) |
Main colours | Description | |||
---|---|---|---|---|---|---|---|
Obverse | Reverse | Obverse | Reverse | ||||
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1 manat | 125×63 | pink | Maiden TowerinBaku | inscription
«AZƏRBAYCAN MİLLİ BANKI» |
1992 |
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yellow, blue | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «BİR manat» |
1993 | |||
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5 manats | 125×63 | brown, violet | Maiden TowerinBaku | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «BEŞ manat» |
1993 |
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10 manats | 125×63 | brown | Maiden TowerinBaku | надпись
«AZƏRBAYCAN MİLLİ BANKI» |
1992 |
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teal | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «ON manat» |
1993 | |||
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50 manats | 125×63 | red, grey | Maiden TowerinBaku | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «ƏLLİ manat» |
1993
1999 |
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100 manats | 125×63 | pink, blue | Maiden TowerinBaku | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «YÜZ manat» |
1993
1999 |
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250 manats | 125×63 | green | Maiden TowerinBaku | inscription
«AZƏRBAYCAN MİLLİ BANKI» |
1992
1999 |
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500 manats | 125×63 | brown, blue and orange | Portrait of Nizami Ganjavi | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «BEŞ YÜZ manat» |
1993
1999 |
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1,000 manats | 125×63 | brown and blue | Portrait of Mahammad Amin Rasulzade | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «min 1000 manat» |
1993
1999 |
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blue | Oil industry theme | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «MİN 1000 manat» |
2001 | ||
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10,000 manats | 130×65 | brown | Palace of the Shirvanshahs | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «ON MİN 10 000 manat» |
1994 |
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50,000 manats | 132×66 | green | Momine Khatun Mausoleum | inscription «AZƏRBAYCAN MİLLİ BANKI»
and denomination «ƏLLİ MİN 50 000 manat» |
1995 |
On 1 January 2006, a new manat (ISO 4217 code AZN, also called the "manat (national currency)") was introduced at a ratio of 1 new manat to 5,000 old manats. From 1 October 2005, prices were indicated both in new manats and in old manats to ease the transition. Coins denominated in qəpik, which had not been used from 1993 onward due to inflation, were reintroduced with the re-denomination. The former manat (ISO code 4217 AZM) remained in use through to 31 December 2006.[3]
The new banknotes and Azerbaijani manat symbol, ₼, were designed by Robert Kalina in 2006, and the symbol was added to Unicode (U+20BC) in 2013, after failed addition proposals between 2008 and 2011.[4] The final Azerbaijani Manat symbol design was inspired by the design of the Euro sign (€), based on an initial proposal by Mykyta Yevstifeyev,[5] and resembles a single-bar Euro sign rotated 90° clockwise. The manat symbol is displayed to the right of the amount in Azeri and Russian.
The new manat was initially assigned the code AYM on being added to the ISO 4217 standard on 1 June 2005, with an effective date of 1 January 2006.[6] However, this was removed and replaced by AZN on 13 October 2005 as it did not comply with the ISO 4217 currency coding standardization rules (which state that currency codes must begin with the ISO 3166-1 alpha-2 code for the relevant country).[7]
Coins in circulation are 1, 3, 5, 10, 20 and 50 gapiks. Most coins closely resemble the size and shape of various euro coins. Most notably the bimetallic 50 gapik (similar to the €2 coin) and the 10 gapik (Spanish flower, like the 20 euro cent coin). Coins were first put into circulation during January 2006 and do not feature a mint year.
Image | Value | Technical parameters | Description | |||||
---|---|---|---|---|---|---|---|---|
Obverse | Reverse | Diameter | Mass | Composition | Edge | Obverse | Reverse | |
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1 gapik | 16.25 mm | 2.8 g | Copper-plated steel | Plain | Map of Azerbaijan, country name, value | Traditional musical instruments, denomination left |
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3 gapiks | 18 mm | 3.45 g | Smooth with a groove | Books and quill, denomination above | ||
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5 gapiks | 19.75 mm | 4.85 g | Reeded | The Maiden Tower, denomination below | ||
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10 gapiks | 22.25 mm | 5.1 g | Brass-plated steel | Smooth with seven indentations | Military helmet of the region of Nagorno-Karabakh, denomination left | |
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20 gapiks | 24.25 mm | 6.6 g | Segmented reeding | Spiral staircase, Geometry & Geometrical symbols, denomination left | ||
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50 gapiks | 25.5 mm | 7.7 g | Bi-Metallic Brass-plated steel center in Stainless Steel ring | Reeding over lettering (AZƏRBAYCAN RESPUBLIKASI) | Two oil wells, denomination left |
Banknotes in circulation are ₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200, and ₼500. They were designed by Austrian banknote designer Robert Kalina, who also designed the current banknotes of the euro and the Syrian pound. The notes look quite similar to those of the euro, and the choice of motifs was inspired by the euro banknotes.
In 2009, the Azərbaycan Milli Bankı (National Bank of Azerbaijan) was renamed the Azərbaycan Respublikasının Mərkəzi Bankı (Central Bank of Azerbaijan). In 2010, the ₼1 banknote was issued with the new name of the issuing bank, in 2012 a ₼5 banknote was issued with the new name of the issuing bank and in 2017 a 100₼ banknote dated 2013 was issued with the new name of the issuing bank.
In 2011 Azerbaijan's Ministry of Finance announced it was considering issuing notes of ₼2 and ₼3 as well as notes with values larger than ₼100.[8] In February 2013, the Central Bank of Azerbaijan announced it would not introduce larger denomination notes until at least 2014.[9]
In 2018, a ₼200 banknote was issued to commemorate Heydar Aliyev's 95th birthday.[10]
Redesigned ₼1, ₼5, and ₼50 banknotes were introduced in 2021, preserving the same motifs but with updated designs.[11] These circulate in parallel with existing notes.
A new commemorative ₼500 banknote was introduced in 2021.[12]
Image | Value | Dimensions | Main Color | Description | Year | ||
---|---|---|---|---|---|---|---|
Obverse | Reverse | Obverse | Reverse | ||||
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₼1 | 120 × 70 mm | Grey | Theme: Culture Azerbaijani folk music instruments (daf, kamancheh, tar) |
Ornaments of regional carpets | 2005 |
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2009, 2017 | |||||
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₼5 | 127 × 70 mm | Orange | Theme: Writing and literature Writers, poets, and books from Azerbaijan, with a written excerpt of the national anthem (Namusunu hifz etmeyə, Bayrağını yükseltməyə, Çümlə gənclər müştaqdır! Şanlı Vətən! Şanlı Vətən! Azərbaycan! Azərbaycan!) and letters from the contemporary Azerbaijani alphabet (ə, ö, ğ, ş) |
Rock drawings of Gobustan, samples of Old Turkic script | 2005 |
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2009, 2017 | |||||
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₼10 | 134 × 70 mm | Teal | Theme: History Old Baku, the Palace of the Shirvanshahs and the Maiden Tower against a background of the Icheri Sheher wall |
Ornaments of regional carpets | 2005 |
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2018 | |||||
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₼20 | 141 × 70 mm | Green | Theme: Karabakh Signs of power (a sword, a helmet and a shield) |
Symbol of peace (harybulbul) | 2005 |
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₼50 | 148 × 70 mm | Yellow | Theme: History and future Youth, stairs (as a symbol of progress), the sun (as a symbol of force and light) and chemical and mathematical symbols (as signs of science) |
Ornaments of regional carpets | 2005 |
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₼100 | 155 × 70 mm | Mauve | Theme: Economy and development Architectural symbols from antiquity up to today, the manat currency symbol (₼) and symbols of economic growth |
Ornaments of regional carpets | 2005 |
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2013 | |||||
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₼200 | 160 × 70 mm | Blue | Theme: Modern architecture The Heydar Aliyev Center, Baku |
Ornaments of regional carpets | 2018 |
Image | Value | Dimensions | Main Color | Description | Year | ||
---|---|---|---|---|---|---|---|
Obverse | Reverse | Obverse | Reverse | ||||
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₼1 | 120 × 70 mm | Grey | Theme: Culture Azerbaijani folk music instruments (daf, kamancheh, tar) |
Map of Azerbaijan | 2020 |
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₼5 | 127 × 70 mm | Orange | Theme: Writing and literature Writers, poets, and books from Azerbaijan, with the lyrics of the full Azərbaycan marşı | ||
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₼10 | 134 × 70 mm | Teal | Theme: History
Old Baku, the Palace of the Shirvanshahs and the Maiden Tower against a background of the Icheri Sheher wall |
2022 | ||
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₼20 | 141 × 70 mm | Green | Theme: Karabakh Signs of power (a sword, a helmet and a shield) |
2022 | |
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₼50 | 148 × 70 mm | Yellow and brown | Theme: History and future Youth, stairs (as a symbol of progress), the sun (as a symbol of force and light) and chemical and mathematical symbols (as signs of science) |
2020 | |
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₼500
(commemorative) |
165 × 70 mm | Brown, red, green and blue | Theme: The 2020 Karabakh War |
Mausoleum of Molla Panah Vagif; Askeran fortress | 2021 |
Current AZN exchange rates | |
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From Google Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY GEL |
From Yahoo! Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY GEL |
From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY GEL |
From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD RUB TRY GEL |
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