HISTORY of COINS in AZERBAIJANBack to Main

The Manat System

After the fall of the USSR in 1991, Azerbaijan introduced its own currency called manat, just like the Soviet ruble was officially known and translated. 1 manat (Azerbaijani manat, abbreviated as AZM) was equal to 10 rubles. While coins (qapik, borrowed from Russian kopeyka) were issued in denominations of 5, 10, 20, and 50, they were never released to the public due to hyperinflation. In 2006, the Azerbaijani government issued the new manat (AZN, where “N” signifies “new”) currency notes, and began minting coins in low denominations.

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Azerbaijani Manat

Azerbaijani manat are printed in denominations of 1, 5, 10, 20, 50, and 100. From the Joel and Linda Forman Collection, Karabakh Foundation.
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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.