Azerbaijani Manat

About The Azerbaijani Manat: The Currency of the Azerbaijan

Quick Facts About the Azerbaijani Manat Notes

Country of Origin	Azerbaijan
Symbol	₼
Currency Code	AZN (numeric: 944)
Nick Names
Minor units	Gapik
Denominations (Banknotes)	₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200, ₼500
Motto
Identification Feature	The front of the banknote features a magical number (from green to dark red), specific exact lines, a raised nominal, elements visible at UV light, and a hidden nominal number (watermark).
Issuing Bank	Central Bank of Azerbaijan
In Circulation Since	1919-1923 (First iterations)

Azerbaijani Manat is the currency of Azerbaijan. Between 1919 and 1923 is when the Azerbaijani Manat is thought to have been introduced. During this time period, specifically in 1918, the Transcaucasian Commissariat introduced the ruble, which is what we now refer to. Manat replaced it concurrently until the Ruble was officially proclaimed the national currency in 1924.

The Soviet ruble was replaced by the manat when Azerbaijan declared its independence from the Soviet Union. The Azerbaijani Manat experienced rapid inflation in its early years, making the coinage outdated at that time.

Azerbaijani Manat, the most recent currency in use since February 2005, replaced Azeri money when Azerbaijan gained independence in 1992. Three Manats have been released so far. The new Azerbaijani Manat is the money of today. The most recent Azerbaijani Manat was unveiled in 2006. Redesigned notes of the denominations ₼1, ₼5, and ₼50 came in 2021, having the same motifs but with different designs. A new commemorative ₼500 banknotes were introduced in 2021.

The live Azerbaijani Manat rate rises and falls with time in accordance with its strength compared to other currencies in circulation, especially with regard to the dollar with which it is pegged. The current Azerbaijani Manat price, as of writing is 0.59 INR. The Azerbaijani Manat to Indian rupee current rate is ⚠️ 🔄 INR.

History of the Azerbaijani Manat

In 1919, Azerbaijan began issuing its own money. The new Azerbaijan Democratic Republic made an effort to offer its national currency to the international market; the biggest value, 500 manats, was inscribed in French.

The next time money was printed, it had the name Azerbaijan Soviet Socialist Republic. However, in 1923, Azerbaijan joined the Transcaucasian Soviet Federal Socialist Republic, and Moscow took over control of the country's banking system. Azerbaijan joined the Soviet Union in 1936, and the ruble replaced all other currencies, as stated in the USSR Constitution.

As soon as Azerbaijan regained its independence, a new chapter in the history of currency circulation in the nation began.

On July 15, 1992, the President of the Republic of Azerbaijan issued a decree establishing the national currency.

The first national currency, the Azerbaijani Manat, entered use on August 15, 1992, and President Heydar Aliev declared it the only legal tender authorised for use in the entire nation as of January 1, 1994.

Currently, Azerbaijan is issuing banknotes in the following denominations: 1, 5, 10, 20, 50, and 100.

100 qapiks are equal to one Azerbaijani Manat. Metal coins are available in the following values: 1, 3, 5, 10, 20, and 50 qapiks. With the help of the National Bank of Switzerland, technical specifications for a new generation of banknotes were produced. The new generation of banknotes includes a four-pillar protection scheme, with Level I established by the general public without the use of any special tools.

Countries Accepting the Azerbaijani Manat

Amount in the Azerbaijani Manat You Should Carry for Your Trip

Azerbaijani manat exchange rate varies with the global market, and you can buy or sell Azerbaijani Manat accordingly.

You may do Azerbaijani Manat currency exchange at the nation’s exchange terminal in accordance with the current exchange values. Most of the country is cash-dependent, but you may find major cities accepting Azerbaijani manat forex cards.

Depending on your choices, Azerbaijani hotels range from 23 AZN for cheap hotels to 334 AZN for luxury hotels per night. So, for a week-long trip, you would ideally need to carry 600-1000 AZN.

Food prices range from 16 to 30 AZN per day, so you can calculate accordingly for the same. Alcohol prices range from 30 to 200 AZN per bottle.

Thus, you can adjust the amount that you carry in Azerbaijani Manat for your trip**.** The Azerbaijani Manat country has plenty to offer, and you should plan your trip accordingly.