View source for Azerbaijani manat

{{Short description|Currency of Azerbaijan}}
{{Use dmy dates|date=December 2023}} 
{{Infobox currency
| name = Manat
| local_name = Azərbaycan manatı
| local_name_lang = az
| image_1 = 1 manat - 2020 - obv.jpg
| image_title_1 = 
| image_2 = 
| image_title_2 = 
| iso_code = AZN
| iso_comment=before 2006: {{ISO 4217|AZM}}, {{ISO 4217|AYM}}
| replaced_currency = [[Russian ruble]]<ref name="ISO78">{{cite web |title=ISO4217 AMENDMENT NUMBER 78 - 1994-10-04 |url=https://www.six-group.com/dam/download/financial-information/data-center/iso-currrency/amendments/dl_currency_iso_amendment_78.pdf}}</ref>
| using_countries = {{AZE}}
| inflation_rate = 8.8%, December 2023
| inflation_source_date = [https://www.cbar.az/home?language=en]
| subunit_ratio_1 = {{frac|1|100}}
| subunit_name_1 = [[Gapik]]
| symbol = [[Azerbaijani manat sign|₼]]
| unit=manat
| no_plural = Y
| rarely_used_banknotes = [[500 manat|₼500]]
| used_coins = 1, 3, 5, 10, 20, 50 gapiks
| frequently_used_banknotes = ₼1, ₼5, ₼10, [[20 manat|₼20]], [[50 manat|₼50]], ₼100, ₼200
| issuing_authority = [[Central Bank of Azerbaijan]]
| issuing_authority_website = {{URL|www.cbar.az}}
}}
The '''manat''' ([[ISO 4217|ISO code]]: '''AZN'''; [[Currency symbol|sign]]: '''₼'''; abbreviation: '''m''') is the [[currency]] of [[Azerbaijan]]. It is subdivided into 100 ''[[gapik]]s''.

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]].

When Azerbaijan gained independence from the Soviet Union, it substituted the Soviet ruble with the manat, which also went through a period of high inflation in the first years, rendering the coinage obsolete. The current manat in circulation has existed since the [[Redenomination of the Azerbaijani manat|redenomination in 2006]], when old manats (AZM) were substituted with lower face values and new design. The currency has mostly been pegged to the [[United States dollar|US dollar]], at what is now the rate of ₼1.70 to US$1.

The Azerbaijani manat [[Currency symbol|symbol]] was added to [[Unicode]] as {{Unichar|20BC|MANAT SIGN }} in 2013. A lowercase '''m''' was used previously, and may still be encountered when the manat symbol is unavailable.

== Etymology ==
The word ''"manat"'' is derived from the Latin word ''"monēta"'' and the Russian word ''"монета"'' ("moneta") meaning "coin".<ref>{{cite web|title=Definition of Manat|url=https://www.merriam-webster.com/dictionary/manat|website=Dictionary by Merriam-Webster|access-date=19 March 2018}}</ref> It was used as the name of the [[Soviet ruble#Ruble in the Soviet Union|Soviet currency]] in Azeri ({{langx|az|манат}}) and in [[Turkmen language|Turkmen]].

== First manat, 1919–1923 ==
{{main|Azerbaijani ruble}}
The [[Azerbaijan Democratic Republic]] and its successor, the [[Azerbaijani Soviet Socialist Republic]] issued their own currency between 1919 and 1923. The currency was called the manat (منات) in [[Azerbaijani language|Azerbaijani]] and the ruble (рубль) in [[Russian language|Russian]], with the denominations written in both languages (and sometimes also in French) on the banknotes. The manat replaced the first [[Transcaucasian ruble#Second Transcaucasian ruble|Transcaucasian ruble]] at par, and was replaced by the second Transcaucasian ruble after Azerbaijan became part of the [[Transcaucasian Soviet Federal Socialist Republic]]. No subdivisions were issued, and the currency only existed as banknotes.

=== Banknotes ===
The Democratic Republic issued notes in denominations of 25, 50, 100, 250, and 500 manats, whilst the Soviet Socialist Republic issued notes in denominations of 5, 100, 1,000, 5,000, 10,000, 25,000, 50,000, 100,000, 250,000, 1 million, and 5 million manats.

== {{anchor|AZM}}Second manat, 1992–2006 ==
The second manat was introduced on 15 August 1992.<ref>{{cite web | publisher = [[National Bank of Azerbaijan]] | url=http://www.nba.az/?mod=inside&id=456&lang=en&sub1=463 | title=History of the National Bank of Azerbaijan | access-date=2006-12-30 | archive-url=https://web.archive.org/web/20070315162037/http://www.nba.az/?mod=inside&id=456&lang=en&sub1=463 | archive-date=2007-03-15 | url-status=dead }}</ref> It had the [[ISO 4217]] code AZM and replaced the [[Russian ruble]] which itself replaced the [[Soviet ruble]] at a rate of RUR&nbsp;10 to 1 manat.<ref name="ISO78"/>

From early 2002 to early 2005, the exchange rate was fairly stable (varying within a band of 4,770–4,990 manats per [[United States dollar|US dollar]]). Starting in the spring of 2005 there was a slight but steady increase in the value of the manat against the US dollar; the reason most likely being the increased flow of [[petrodollar]]s into the country, together with the generally high [[price of oil]] on the world market. At the end of 2005, one dollar was worth 4,591 manats. Banknotes below 100 manats had effectively disappeared by 2005, as had the gapik coins.

=== Coins ===
[[File:Second manat coins.jpg|thumb|right|Gapik coins of the second manat]]
Coins were issued in denominations of 5, 10, 20, and 50 gapiks, dated 1992 and 1993. Although [[brass]] and [[cupronickel]] were used for some of the 1992 issues, later issues were all in [[aluminium]]. These coins were rarely used in circulation.

=== Banknotes ===
The following banknotes were issued for this currency
* 1, 5, 10, 250 manats (all first issued on 15 August 1992)
* 50, 100, 500, 1,000 manats (all first issued in early 1993)
* 10,000 manats (first issued in August 1994)
* 50,000 manats (first issued in May 1996)
{| class="wikitable" style="font-size: 90%; text-align: center"
! colspan="2" |Image
! rowspan="2" |Value
! rowspan="2" |Size
(mm)
! rowspan="2" |Main colours
! colspan="2" |Description
! rowspan="2" |Print
|-
!Obverse
!Reverse
!Obverse
!Reverse
|-
| bgcolor="#000000" |[[File:AzerbaijanP11-1Manat-(1992) f-1.jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP11-1Manat-(1992) b-1.jpg|125px]]
| rowspan="2" |1&nbsp;manat
| rowspan="11" |125×63
|pink
| rowspan="8" |[[Maiden Tower (Baku)|Maiden Tower]] in [[Baku]]
|inscription «AZƏRBAYCAN MİLLİ BANKI»
|1992
|-
| bgcolor="#000000" |[[File:1 manat 1993, Azerbaijan (obverse).jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP14-1Manat-(1993) b-1.jpg|125px]]
|yellow, blue
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «BİR manat»
| rowspan="2" |1993
|-
| bgcolor="#000000" |[[File:AzerbaijanP15-5Manat-(1993)-donatedfr f.jpg|125px]]
| bgcolor="#000000" |[[File:5 manat 1993, Azerbaijan (reverse).jpg|125px]]
|5&nbsp;manats
|brown, violet
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «BEŞ manat»
|-
| bgcolor="#000000" |[[File:AzerbaijanP12-10Manat-(1992) f-donated.jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP12-10Manat-(1992) b-donated.jpg|125px]]
| rowspan="2" |10&nbsp;manats
|brown
|inscription «AZƏRBAYCAN MİLLİ BANKI»
|1992
|-
| bgcolor="#000000" |[[File:AzerbaijanP16-10Manat-(1993) f-1.jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP16-10Manat-(1993) b-1.jpg|125px]]
|teal
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «ON manat»
|1993
|-
| bgcolor="#000000" |[[File:AzerbaijanP17a-50Manat-(1993) f-1.jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP17a-50Manat-(1993) b-1.jpg|125px]]
|50&nbsp;manats
|red, grey
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «ƏLLİ manat»
| rowspan="2" |1993, 1999
|-
| bgcolor="#000000" |[[File:AzerbaijanP18a-100Manat-(1993) f-1.jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP18a-100Manat-(1993) b-1.jpg|125px]]
|100&nbsp;manats
|pink, blue
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «YÜZ manat»
|-
| bgcolor="#000000" |[[File:AzerbaijanP13b-250Manat-(1992) f-1.jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP13b-250Manat-(1992) b-1.jpg|125px]]
|250&nbsp;manats
|green
|inscription
«AZƏRBAYCAN MİLLİ BANKI»
|1992, 1999
|-
| bgcolor="#000000" |[[File:500 manat 1993, Azerbaijan (obverse).jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP19b-500Manat-(1993) b-1.jpg|125px]]
|500&nbsp;manats
|brown, blue and orange
|Portrait of [[Nizami Ganjavi]]
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «BEŞ YÜZ manat»
| rowspan="2" |1993, 1999
|-
| bgcolor="#000000" |[[File:1000 manat 1993, Azerbaijan (obverse).jpg|125px]]
| bgcolor="#000000" |[[File:AzerbaijanP20a-1000Manat-(1993) b-1.jpg|125px]]
| rowspan="2" |1,000&nbsp;manats
|brown and blue
|Portrait of [[Mahammad Amin Rasulzade]]
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «min 1000 manat»
|-
| bgcolor="#000000" |[[File:1000 manat 2001, Azerbaijan (obverse).jpg|125px]]
| bgcolor="#000000" |[[File:1000 manat 2001, Azerbaijan (reverse).jpg|125px]]
|blue
|Oil industry theme
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «MİN 1000 manat»
|2001
|-
| bgcolor="#000000" |[[File:AzerbaijanP21b-10000Manat-(1994) f-1.jpg|130px]]
| bgcolor="#000000" |[[File:AzerbaijanP21b-10000Manat-(1994) b-1.jpg|130px]]
|10,000&nbsp;manats
|130×65
|brown
|[[Palace of the Shirvanshahs]]
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «ON MİN 10 000 manat»
|1994
|-
| bgcolor="#000000" |[[File:AzerbaijanP22-50000Manat-1995-donatedir f.jpg|132px]]
| bgcolor="#000000" |[[File:AzerbaijanP22-50000Manat-1995-donatedir b.jpg|132px]]
|50,000&nbsp;manats
|132×66
|green
|Momine Khatun Mausoleum
|inscription «AZƏRBAYCAN MİLLİ BANKI» and denomination «ƏLLİ MİN 50 000 manat»
|1995
|}

== {{anchor|AZN}}Third manat, 2006 ==
{{further|Redenomination of Azerbaijani manat}}
On 1 January 2006, a new manat (ISO 4217 code AZN, also called the "manat (national currency)") was introduced at a ratio of 1 new manat to 5,000 old manats. From 1 October 2005, prices were indicated both in new manats and in old manats to ease the transition. Coins denominated in qəpik, which had not been used from 1993 onward due to [[inflation]], were reintroduced with the re-denomination. The former manat (ISO code 4217 AZM) remained in use through to 31 December 2006.<ref>{{cite web |url=http://publications.europa.eu/code/en/en-5000700.htm |title=Currency codes |date=7 January 2014|work=Interinstitutional style guide |publisher=[[Europa (web portal)|European Union]]}}</ref>

=== Symbol ===
The new banknotes and Azerbaijani manat symbol, ₼, were designed by [[Robert Kalina]] in 2006, and the symbol was added to [[Unicode]] (U+20BC) in 2013, after failed addition proposals between 2008 and 2011.<ref>{{cite web |url=http://code.az/azeri-manat-symbol-coming-to-unicode-u20bc/ |title=Azeri Manat symbol is coming to Unicode (U+20BC) |date=Jun 18, 2013 |first=Rustam |last=Aliyev |work=Code.az}}</ref> The final Azerbaijani Manat symbol design was inspired by the design of the [[Euro sign]] (€), based on an initial proposal by Mykyta Yevstifeyev,<ref>{{cite web |url=http://std.dkuug.dk/jtc1/sc2/wg2/docs/n4445.pdf |title=Proposal to add the currency sign for the Azerbaijani Manat to the UCS |date=2013-06-10 |first=Karl |last=Pentzlin |type=PDF}}</ref> and resembles a single-bar Euro sign rotated 90° clockwise. The manat symbol is displayed to the right of the amount in Azeri and Turkmen.

=== {{anchor|AYM}}Code ===
The new manat was initially assigned the code AYM on being added to the [[ISO 4217]] standard on 1 June 2005, with an effective date of 1 January 2006.<ref>[https://www.six-group.com/dam/download/financial-information/data-center/iso-currrency/amendments/dl_currency_iso_amendment_127.pdf Currency ISO Amendment] six-group.com</ref> However, this was removed and replaced by AZN on 13 October 2005 as it did not comply with the ISO 4217 currency coding standardization rules (which state that currency codes must begin with the [[ISO 3166-1 alpha-2]] code for the relevant country).<ref>[https://www.six-group.com/dam/download/financial-information/data-center/iso-currrency/amendments/dl_currency_iso_amendment_129.pdf Currency ISO Amendment] six-group.com</ref>

=== Coins ===
Coins in circulation are 1, 3, 5, 10, 20 and 50 gapiks.
Most coins closely resemble the size and shape of various euro coins. Most notably the [[bimetallic coin|bimetallic]] 50 gapik (similar to the [[euro coins|€2 coin]]) and the 10 gapik (Spanish flower, like the 20 euro cent coin). Coins were first put into circulation during January 2006 and do not feature a mint year.

{|class="wikitable" style="margin:auto; font-size:90%; border-width:1px;"
! colspan=11 | Coins of the manat (2006)
|-
! rowspan=2 | Image
! rowspan=2 | Value
! colspan=4 | Technical parameters
! colspan=3 | Description
! rowspan=2 | Issued<br/>from
|-
! Diameter<br/>(mm)
! Mass<br/>(g)
! colspan=2 | Composition
! Edge
! Obverse
! Reverse
|-
| style="background:#000; text-align:center" | [[File:AZE-1g-2006.jpg|95px|center]]
| 1&nbsp;gapik
| align=center | 16.25
| align=center | 2.80
| rowspan="3" style="background-color:#e0954f;" |
| rowspan=3 | [[Copper]]-plated<br/>[[steel]]
| Smooth
| rowspan=7 | Map of Azerbaijan;<br/>value; lettering:<br/>''Azərbaycan<br/>Respublikası''
| Traditional musical<br/>instruments; value
| rowspan=7 | 2006
|- 
| style="background:#000; text-align:center" | [[File:AZE-3g-2006.jpg|100px|center]]
| 3&nbsp;gapiks
| align=center | 18.00
| align=center | 3.45
| Grooved
| Books and quill; value
|- 
| style="background:#000; text-align:center" | [[File:AZE-5g-2006.jpg|105px|center]]
| 5&nbsp;gapiks
| align=center | 19.75
| align=center | 4.85
| Reeded
| [[Maiden Tower (Baku)|Maiden Tower]]; value
|-
| style="background:#000; text-align:center" | [[File:AZE-10g-2006.jpg|110px|center]]
| 10&nbsp;gapiks
| align=center | 22.25
| align=center | 5.10
| rowspan="2" style="background-color:#ffe550;" |
| rowspan=2 | [[Brass]]-plated<br/>[[steel]]
| [[Spanish flower]]
| [[Nagorno-Karabakh]]<br/>military helmet; value
|-
| style="background:#000; text-align:center" | [[File:AZE-20g-2006.jpg|115px|center]]
| 20&nbsp;gapiks
| align=center | 24.25
| align=center | 6.60
| Interrupted<br/>reeding
| Spiral staircase;<br/>geometrical symbols;<br/>value
|- 
| rowspan=2 style="background:#000; text-align:center" | [[File:AZE-50g-2006.jpg|120px|center]]
| rowspan=2 | 50&nbsp;gapiks
| rowspan=2 align=center | 25.50
| rowspan=2 align=center | 7.70
| style="background-color:#dcdcdc;"|
| Outer:<br/>[[Stainless steel]]
| rowspan=2 | Reeded lettering:<br/>{{small|AZƏRBAYCAN<br/>RESPUBLIKASI ☾ ★<br/>AZƏRBAYCAN<br/>RESPUBLIKASI ☾ ★}}
| rowspan=2 | Two [[oil wells]]; value
|-
| style="background-color:#ffe550;"|
| Inner:<br/>[[Brass]]-plated<br/>[[steel]]
|-
| colspan=11 | {{Standard coin table notice|BrE=Y}}
|}

=== Banknotes ===
Banknotes in circulation are ₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200, and ₼500. They were designed by [[Austria]]n banknote designer [[Robert Kalina]], who also designed the current banknotes of the [[euro]] and the [[Syrian pound]]. The notes look quite similar to those of the euro, and the choice of motifs was inspired by the euro banknotes.

In 2009, the Azərbaycan Milli Bankı (National Bank of Azerbaijan) was renamed the Azərbaycan Respublikasının Mərkəzi Bankı (Central Bank of Azerbaijan). In 2010, the ₼1 banknote was issued with the new name of the issuing bank, in 2012 a ₼5 banknote was issued with the new name of the issuing bank and in 2017 a 100₼ banknote dated 2013 was issued with the new name of the issuing bank.

In 2011 Azerbaijan's Ministry of Finance announced it was considering issuing notes of ₼2 and ₼3 as well as notes with values higher than ₼100.<ref>{{Cite web |date=2011-11-17 |title=В Азербайджане предлагается ввести банкноты мелкого номинала |url=https://www.trend.az/capital/business/1958468.html |access-date=2024-12-22 |website=Trend.Az |language=ru}}</ref> In February 2013, the Central Bank of Azerbaijan announced it would not introduce higher denomination notes until at least 2014.<ref>{{Cite web |date=2013-02-26 |title=Центробанк Азербайджана отказался от выпуска в 2013 году банкнот крупного номинала |url=https://www.trend.az/capital/business/2123837.html |access-date=2024-12-22 |website=Trend.Az |language=ru}}</ref>

In 2018, a ₼200 banknote was issued to commemorate Heydar Aliyev's 95th birthday.<ref>{{Cite web |url=https://en.cbar.az/releases/2018/05/23/central-bank-presents-new-currency/ |title=Central Bank of the Republic of Azerbaijan - Central Bank presents new currency |access-date=2018-05-25 |archive-url=https://web.archive.org/web/20181016170511/https://en.cbar.az/releases/2018/05/23/central-bank-presents-new-currency/ |archive-date=2018-10-16 |url-status=dead }}</ref>

Redesigned ₼1, ₼5, and ₼50 banknotes were introduced in 2021, preserving the same motifs but with updated designs.<ref>{{Cite web|url=https://www.cbar.az/page-466/upgraded-1-5-and-50-manat-banknotes|title = Yenilənmiş 1, 5 və 50 manatlıq pul nişanları}}</ref> These circulate in parallel with existing notes.

A new commemorative ₼500 banknote was introduced in 2021.<ref>{{Cite web|url=https://www.cbar.az/press-release-3372/mrkzi-bankda-zfr-gunu-il-laqdar-tdavul-buraxilan-xatir-pul-nisanlarinin-tqdimat-mrasimi-kecirildi?language=en#page-2|title = Central Bank presents commemorative currency issued to circulation due to V-Day}}</ref>

==== 2005 series ====
{| class="wikitable" style="font-size: 90%"
|-
! colspan="2" | Image !! rowspan="2" | Value !! rowspan="2" | Dimensions !! rowspan="2" | Main Color !! colspan="2" | Description !! rowspan="2" | Year
|-
! Obverse !! Reverse !! Obverse !! Reverse
|-
| [[File:1 Azerbaijani manat in 2005 Obverse.jpg|120 px|center]]
| [[File:1 Azerbaijani manat in 2005 Reverse.jpg|120 px|center]]
| rowspan="2" | ₼1
| rowspan="2" | 120 × 70&nbsp;mm
| rowspan="2" | Grey
| rowspan="2" | Theme: Culture<br />
Azerbaijani [[folk music]] instruments ([[daf]], [[kamancheh]], [[Tar (lute)|tar]])
| rowspan="2" | [[Decorative arts|Ornaments]] of regional carpets
| 2005
|-
| [[File:1 Azerbaijani manat in 2017 Obverse.jpg|120 px|center]]
| [[File:1 Azerbaijani manat in 2017 Reverse.jpg|120 px|center]]
| 2009, 2017
|-
| [[File:5 Azerbaijani manat in 2005 Obverse.jpg|127 px|center]]
| [[File:5 Azerbaijani manat in 2005 Reverse.jpg|127 px|center]]
| rowspan="2" | ₼5
| rowspan="2" | 127 × 70&nbsp;mm
| rowspan="2" | Orange
| rowspan="2" | Theme: Writing and literature<br />
Writers, poets, and books from Azerbaijan, with a written excerpt of the [[National Anthem of the Republic of Azerbaijan|national anthem]] (''Namusunu hifz etmeyə, Bayrağını yükseltməyə, Çümlə gənclər müştaqdır! Şanlı Vətən! Şanlı Vətən! Azərbaycan! Azərbaycan!'') and letters from the contemporary [[Azerbaijani alphabet]] (ə, ö, ğ, ş)
| rowspan="2" | Rock drawings of [[Gobustan Rock Art Cultural Landscape|Gobustan]], samples of [[Old Turkic script]]
| 2005
|-
| [[File:5 Azerbaijani manat in 2017 Obverse.jpg|127 px|center]]
| [[File:5 Azerbaijani manat in 2017 Reverse.jpg|127 px|center]]
| 2009, 2017
|-
| [[File:10 Azerbaijani manat in 2005 Obverse.jpg|134 px|center]]
| [[File:10 Azerbaijani manat in 2005 Reverse.jpg|134 px|center]]
| rowspan="2" | ₼10
| rowspan="2" | 134 × 70&nbsp;mm
| rowspan="2" | Teal
| rowspan="2" | Theme: History<br />
Old Baku, the [[Palace of the Shirvanshahs]] and the [[Maiden Tower (Baku)|Maiden Tower]] against a background of the [[Icheri Sheher]] wall
| rowspan="2" | Ornaments of regional carpets
| 2005
|-
| [[File:10 Azerbaijani manat 2018 Obverse.jpg|134 px|center]]
| [[File:10 Azerbaijani manat 2018 Reverse.jpg|134 px|center]]
| 2018
|-
| [[File:20 Azerbaijani manat in 2005 Obverse.jpg|141 px|center]]
| [[File:20 Azerbaijani manat in 2005 Reverse.jpg|141 px|center]]
| [[20 manat|₼20]]
| 141 × 70&nbsp;mm
| Green
| Theme: [[Karabakh]]<br />
Signs of power (a sword, a helmet and a shield)
| Symbol of peace (''harybulbul'')
| rowspan="3" | 2005
|-
| [[File:50 Azerbaijani manat in 2005 Obverse.jpg|148 px|center]]
| [[File:50 Azerbaijani manat in 2005 Reverse.jpg|148 px|center]]
| [[50 manat|₼50]]
| 148 × 70&nbsp;mm
| Yellow
| Theme: History and future<br />
Youth, stairs (as a symbol of progress), the sun (as a symbol of force and light) and chemical and mathematical symbols (as signs of science)
| rowspan="4" | Ornaments of regional carpets
|-
| [[File:100 Azerbaijani manat in 2005 Obverse.jpg|155 px|center]]
| [[File:100 Azerbaijani manat in 2005 Reverse.jpg|155 px|center]]
| rowspan="2" | ₼100
| rowspan="2" | 155 × 70&nbsp;mm
| rowspan="2" | Mauve
| rowspan="2" | Theme: Economy and development<br />
Architectural symbols from antiquity up to today, the manat currency symbol (₼) and symbols of economic growth
|-
| [[File:100 Azerbaijani manat in 2013 Obverse.jpg|155 px|center]]
| [[File:100 Azerbaijani manat in 2013 Reverse.jpg|155 px|center]]
| 2013
|-
| [[File:200 Azerbaijani manat in 2018 Obverse.jpg|160 px|center]] 
| [[File:200 Azerbaijani manat in 2018 Reverse.jpg|160 px|center]]
| ₼200
| 160 × 70&nbsp;mm
| Blue
| Theme: Modern architecture<br />
The [[Heydar Aliyev Center]], [[Baku]]
| 2018
|}

==== 2020 refurbishment ====
{| class="wikitable" style="font-size: 90%"
|-
! colspan="2" | Image !! rowspan="2" | Value !! rowspan="2" | Dimensions !! rowspan="2" | Main Color !! colspan="2" | Description !! rowspan="2" | Year
|-
! Obverse !! Reverse !! Obverse !! Reverse
|-
| [[File:1 manat - 2020 - obv.jpg|center|123x123px]]
| [[File:1 manat - 2020 - rev.jpg|center|124x124px]]
| ₼1
| 120 × 70&nbsp;mm
| Grey
| Theme: Culture<br />
Azerbaijani [[folk music]] instruments ([[daf]], [[kamancheh]], [[Tar (lute)|tar]])
| rowspan="5" | Map of [[Azerbaijan]]
| rowspan="2" | 2020
|-
| [[File:5 manat - 2020 - obv.jpg|center|131x131px]]
| [[File:5 manat - 2020 - rev.jpg|center|130x130px]]
| ₼5
| 127 × 70&nbsp;mm
| Orange
| Theme: Writing and literature<br />
Writers, poets, and books from Azerbaijan, with the lyrics of the full [[Azərbaycan marşı]]
|-
| 
|[[File:10_manat_2022.jpg|frameless|131x131px]]
| ₼10
|134 × 70&nbsp;mm
|Teal
|Theme: History
Old Baku, the [[Palace of the Shirvanshahs]] and the [[Maiden Tower (Baku)|Maiden Tower]] against a background of the [[Icheri Sheher]] wall
| rowspan="2" |2022
|-
|[[File:Azerbaijan 20 manat 2020 obverse.jpg|141x141px]]
|[[File:Azerbaijan 20 manat 2020 reverse.jpg|141x141px]]
| ₼20
|141 × 70&nbsp;mm
|Green
|Theme: [[Karabakh]]<br />
Signs of power (a sword, a helmet and a shield)
|-
|[[File:50 manat - 2020 - obv.jpg|center|142x142px]]
|[[File:50 manat - 2020 - rev.jpg|center|142x142px]]
| ₼50
|148 × 70&nbsp;mm
|Yellow and brown
|Theme: History and future<br />
Youth, stairs (as a symbol of progress), the sun (as a symbol of force and light) and chemical and mathematical symbols (as signs of science)
|2020
|-
|[[File:Azerbaijan 500 manat Karabakh obverse.jpg|center|168x168px]]
|[[File:Azerbaijan 500 manat Karabakh reverse.jpg|center|169x169px]]
| ₼500
(commemorative)
|165 × 70&nbsp;mm
|Brown, red, green and blue
|Theme: The [[2020 Nagorno-Karabakh war|2020 Karabakh War]]<br />
[[Poppy|Poppies]], [[Khodaafarin Bridges|Khodaafarin stone bridges]]
|[[Vagif Mausoleum|Mausoleum of Molla Panah Vagif]]; [[Askeran fortress]]
|2021
|}

=== Exchange rates ===
*Before Feb 2015: US$1 = ₼0.78
*Feb - Dec 2015: US$1 = ₼1.05
*Dec 2015 - Apr 2017: Fluctuate
*May 2017 onwards: US$1 = ₼1.7 ([[Currency peg|pegged]])
{{Exchange Rate|AZN|RUB|TRY|GEL|AMD}}

== See also ==
* [[Central Bank of Azerbaijan]]
* [[Turkmenistani manat]]
* [[Economy of Azerbaijan]]
* [[Banking in Azerbaijan]]

== References ==
{{Reflist}}
{{refbegin}}
{{refend}}

== External links ==
{{Commons category|Manat (currency)|Azerbaijani manat}}
* [http://derstandard.at/?url=/?id=2291608 ''Der Standard'' article on the redenomination] {{in lang|de}}
* [https://web.archive.org/web/20150801050709/http://banknoter.com/s/azerbaijan Azerbaijan Manat: Catalog of Banknotes]
* [http://azer.com/aiweb/categories/magazine/ai143_folder/143_articles/143_manat.html Azerbaijan International. Azerbaijan's New Manats: Design and Transition to a New Currency]
* [http://files.preslib.az/projects/remz/pdf_en/atr_pullar.pdf Catalog of Azeri coins and banknotes]
* {{CISCoins|Azerbaijan}}
* [http://www.bis-ans-ende-der-welt.net/Aserbaidschan-B-En.htm The banknotes of Azerbaijan] {{in lang|en|de|fr}}

{{Azerbaijan topics}}
{{Currencies of Europe}}
{{Currencies of Asia}}
{{Currencies of post-Soviet states}}
{{Currency symbols}}
{{Portal bar|Asia|Azerbaijan|Europe|Money|Numismatics}}

[[Category:Currencies of Azerbaijan|Manat]]
[[Category:Finance in Azerbaijan|Manat]]
[[Category:Economy of Azerbaijan|Manat]]
[[Category:Currencies introduced in 1919]]
[[Category:Currencies introduced in 1992]]
[[Category:Currencies of Asia]]
[[Category:Circulating currencies]]
[[Category:Currencies of Europe]]