| Azərbaycan manatı (Azerbaijani) | |||||
|---|---|---|---|---|---|
| |||||
| ISO 4217 | |||||
| Code | AZN (numeric: 944) before 2006: AZM, AYM | ||||
| Subunit | 0.01 | ||||
| Unit | |||||
| Unit | manat | ||||
| Plural | The language(s) of this currency do(es) not have a morphological plural distinction. | ||||
| Symbol | ₼ | ||||
| Denominations | |||||
| Subunit | |||||
| 1⁄100 | Gapik | ||||
| Banknotes | |||||
| Freq. used | ₼1, ₼5, ₼10, ₼20, ₼50, ₼100, ₼200 | ||||
| Rarely used | ₼500 | ||||
| Coins | 1, 3, 5, 10, 20, 50 gapiks | ||||
| Demographics | |||||
| Replaced | Soviet ruble | ||||
| User(s) |  Azerbaijan | ||||
| Issuance | |||||
| Central bank | Central Bank of Azerbaijan | ||||
| Website | www | ||||
| Valuation | |||||
| Inflation | 8.8%, December 2023 | ||||
| Source | [1] | ||||
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.
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 exists since the redenomination in 2006, when old manats (AZM) were substituted with lower face values and new design. The currency has mostly been pegged to the US dollar, at what is now the rate of ₼1.70 to US$1.
The Azerbaijani manat symbol was added to م as U+20BC ₼ MANAT SIGN in 2013. A lowercase m was used previously, and may still be encountered when the manat symbol is unavailable.