Azerbaijan Currency: Everything You Need to Know About the Azerbaijani Manat (AZN)
What Is the Currency of Azerbaijan?
Azerbaijan Currency: The official currency of Azerbaijan is the Azerbaijani Manat, abbreviated as AZN and symbolized as ₼. It plays a vital role in the country’s economy and daily life, from local markets to international trade. The name Manat comes from the Russian word moneta, meaning “coin.”
A Brief History of the Azerbaijan Currency – Manat
The first Manat was introduced during the Azerbaijan Democratic Republic era. However, after joining the Soviet Union, it was replaced by the Soviet Ruble. Thus, the modern Azerbaijani Manat (AZN) was reintroduced in 1992 following Azerbaijan’s independence.
In 2006, Azerbaijan underwent a currency redenomination, replacing 5,000 old Manats (AZM) with 1 new Manat (AZN). This helped stabilize the economy and streamline financial transactions.
Azerbaijani Manat Denominations
The Manat is divided into 100 qəpik (similar to cents). The currency comes in both coins and banknotes:
Coins (Qəpik):
1 qəpik
3 qəpik
5 qəpik
10 qəpik
20 qəpik
50 qəpik
Banknotes:
₼1
₼5
₼10
₼20
₼50
₼100
₼200
Each banknote is uniquely designed with national symbols, cultural motifs, and anti-counterfeiting features.
Manat Exchange Rate and Currency Conversion
The exchange rate of the Azerbaijani Manat varies depending on market trends and the Central Bank of Azerbaijan’s policies. As of now, 1 USD is approximately equal to 1.7 AZN, but rates can fluctuate.
Tips for Currency Exchange in Azerbaijan:
Exchange at official exchange offices or banks.
Avoid street vendors offering black-market rates.
ATMs should be used in major cities like Baku for competitive rates.
You can also use currency conversion tools online to check the latest AZN exchange rate.
Using Currency in Azerbaijan
The Manat is widely accepted across the country. Whether you’re shopping in Baku’s modern malls or exploring traditional bazaars, the Azerbaijani Manat is the primary form of payment.
Cash is king in rural areas, while credit cards are commonly accepted in urban centers and tourist destinations. It’s always a good idea to carry small change for taxis, cafes, and public transport.
Where to Buy Azerbaijani Manat
If you’re traveling to Azerbaijan, it’s best to exchange your money upon arrival. Here are your options:
Baku Airport exchange counters
Major banks and currency exchange offices
ATMs (most accept international cards and dispense AZN)
Final Thoughts
The Azerbaijani Manat (AZN) is not just a medium of exchange—it’s a symbol of national pride and economic identity. Whether you’re visiting Azerbaijan or learning about its economy, understanding the Manat is essential.
For the latest updates, check the Central Bank of Azerbaijan or use a trusted currency converter online.
