HISTORY of COINS in AZERBAIJANBack to Main

Introduction of Coinage in the Hellenistic Age
(4th B.C.E.)

The earliest coins found in Azerbaijan date from the period of Macedonian rule under Alexander III, also known as Alexander the Great (356-323 B.C.E.). Alexander introduced the drachma, silver Greek currency, to Azerbaijan.

Macedonian tetradrachm

A Macedonian tetradrachm, with an image of Hercules on the obverse A Macedonian tetradrachm, with an image of Zeus enthroned on the reverse
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COINS and CURRENCY of AZERBAIJAN

Azerbaijan’s historic coinage reflects the nation's complex political history, from ancient times to the modern day. At the historic crossroads between Europe, Asia, and the Middle East, the design and format of Azerbaijani coins and currency have been greatly influenced by frequent invasions and political upheaval in the region. Hellenic, Roman, Parthian, Persian, Arabic, Turkic, and Russian influences can be seen throughout nearly 3,000 years of coinage. Today, Azerbaijan’s coinage reflects the diverse history and culture of the country.