Azerbaijani manat
Also known as manat, AZN, Azerbaijan manat
currency
AI overview
The Azerbaijani manat is the official money used in Azerbaijan, a country located in the South Caucasus region. It matters because it's essential for everyday transactions and economic activity within the country, and its exchange rate affects trade and investment between Azerbaijan and other nations.
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- Azerbaijani qapiks.jpg
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Article
The manat (ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 gapiks.
The first iteration of the currency emerged in 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 ruble, which, in its turn, was converted to the Soviet ruble.