|Azərbaycan manatı (Azerbaijani)|
|Code||AZN (numeric: 944) |
before 2006: AZM, AYM
|Plural||The language(s) of this currency do(es) not have a morphological plural distinction.|
|Freq. used||₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200|
|Coins||1, 3, 5, 10, 20, 50 gapiks|
|Central bank||Central Bank of Azerbaijan|
|Inflation||3% H1 2018|
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.