Manat

The Manat is the currency of Azerbaijan, symbolized as AZN. It was introduced in 1992, replacing the Soviet ruble during Azerbaijan's transition to independence. The name "Manat" is derived from the Persian word for money. The currency is divided into 100 qəpik. The Central Bank of Azerbaijan manages the Manat, controlling its supply and stability. The Manat's value can fluctuate based on economic conditions, oil prices, and foreign investment, reflecting Azerbaijan's economic landscape. The banknotes and coins feature national symbols and notable figures from Azerbaijani history and culture.