Azerbaijani manat

The manat (ISO code: AZN; sign: ; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 gapiks.

Manat
Azərbaycan manatı (Azerbaijani)
₼1 banknote obverseAzerbaijani gapik coins
ISO 4217
CodeAZN (numeric: 944)
before 2006: AZM, AYM
Subunit0.01
Unit
Unitmanat
PluralThe language(s) of this currency do(es) not have a morphological plural distinction.
Symbol
Denominations
Subunit
1100Gapik
Banknotes
Freq. used₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200
Rarely used₼500
Coins1, 3, 5, 10, 20, 50 gapiks
Demographics
ReplacedSoviet ruble
User(s) Azerbaijan
Issuance
Central bankCentral Bank of Azerbaijan
Websitewww.cbar.az
Valuation
Inflation3% H1 2018
SourceMENAFN
MethodCPI

The first iteration of the currency happened in the times of 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 rouble, which, in its turn, was converted to the Soviet ruble. In Soviet times, the common currency of the USSR was known as manat in the Azeri language.

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 denomination in 2006, when 5,000 old manat (AZM) were substituted with the new currency. 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 Unicode as U+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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This article uses material from the Wikipedia article Azerbaijani manat, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.