HISTORY of COINS in AZERBAIJANBack to Main

Russian Coinage in Azerbaijan

North Azerbaijan was incorporated into the Russian Empire in 1828 (while all of South Azerbaijan was absorbed into the Qajar empire). Russian currency became the new regional standard for the Caucasus. In 1860, Russia opened the State Bank of the Russian empire, with a regional branch in the Azerbaijani city of Baku. The new bank standardized the regional economy and encouraged trade. The new bank in Azerbaijan became the blueprint for the current monetary system.

Russian Coinage

Russian coinage Russian coinage
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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.