Azerbaijani manat
Introduction:
The Manat is
the national cash used in azerbaijan. It is divided into 100 qəpik. The word
manat comes from the Russian word "moneta" which suggests coin. Manat
was additionally the name of the Soviet ruble in both the Azerbaijani and
Turkmen languages.
The
Azerbaijani manat symbol, Azeri manat symbol.svg, is not able to be typed in
computers. So m or man. can be used instead. Azerbaijani manat is also written
as AZN. In Azerbaijan people can only use manats. Azebaijani manats are more
valuable than the United States dollar and almost as valuable as the Euro.
Etymology
The word
manat is borrowed from the Russian word Монета "moneta" (coin) which
is pronounced as "maneta" and is a word from Latin. Manat was also
the designation of the Soviet ruble in each the Azerbaijani and Turkmen
languages.
First manat,
1919–1923
The
azerbaijan Democratic Republic and its successor the Azerbaijani Soviet
Socialist Republic issued their own currency between 1919 and 1923. The
currency was known as the manat (منات) in Azerbaijani and the ruble
(рубль) in Russian, with the denominations written in every languages (and
typically conjointly in French) on the banknotes. The manat replaced the first
Transcaucasian ruble at par and was replaced by the second Transcaucasian ruble
when azerbaijan became a part of the Transcaucasian Soviet Federal Socialist
Republic. No subdivisions were issued, and the currency only existed as
banknotes.
The
Democratic Republic issued notes in denominations of twenty five, 50, 100, 250
and five hundred manat, while the Soviet Socialist Republic issued notes in
denominations of 5; one00; 1,000; 5,000; 10,000; 25,000; 50,000; 100,000;
250,000; 1 million and 5 million manat.
Second
manat, 1992–2006
The second
manat was introduced on 15 August 1992.[1] It had the ISO 4217 code AZM and
replaced the Soviet ruble at a rate of ten rubles to 1 manat.
From early
2002 to early 2005, the exchange rate was fairly stable (varying within a band
of 4770–4990 manat per us dollar). Starting in the spring of 2005 there was a
slight but steady increase in the value of the manat against the U.S.A. dollar;
the reason possibly being the accumulated flow of petrodollars into the
country, together with the generally high price of oil on the world market. At
the end of 2005, one dollar was value 4591 manat. Banknotes below a hundred
manat had effectively disappeared by 2005, as had the qəpik coins.
Coins
Qəpik coins
of the second manat
Coins were
issued in denominations of five, 10, 20 and 50 qəpik, dated 1992 and 1993.
Although brass and cupro-nickel 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 manat (all first issued on fifteen August 1992)
50, 100,
500, 1000 manat (all 1st issued in early 1993)
10,000 manat
(first issued in August 1994)
50,000 manat
(first issued in May 1996)
Banknotes
with denominations from one to 250 manat featured Baku's Maiden Tower.
Third manat,
2006
On one
Gregorian calendar month 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 manat. From one Oct 2005, prices were indicated both in new manat
and in old manat to ease 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 valid through
thirty one Dec 2006.[2]
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.[3] The final Azeri Manat symbol design was inspired by the design of the
Euro sign (€), based on an initial proposal by Mykyta Yevstifeyev,[4] and
resembles a single-bar Euro sign rotated 90° clockwise. The manat symbol is
displayed to the right of the amount.
Coins
Coins in circulation are one, 3, 5, 10, 20 and
50 qəpik. Most coins closely resemble the size and form of various euro coins.
Most notably the bimetallic fifty qəpik (similar to the €2 coin) and the ten qəpik
(Spanish flower, like the twenty euro cent coin). Coins were first put into
circulation during Jan 2006 and do not feature a mint year
0 Response to "Azerbaijani manat"
Post a Comment