page_title: History of money circulation in Azerbaijan
section_title: Circulation of new banknotes
hierarchical_section_title: History of money circulation in Azerbaijan / Circulation of new banknotes
caption_attribution_description: Reverse of 100 AZN
context_page_description: Money in the form of coins was first used in the territory of Azerbaijan in the time of Alexander the Great or before, and continued under the Roman Empire and the Umayyad and Abbasid Caliphates.
  In modern times the Republic of Azerbaijan has issued its own national currency during the period of independence from 1919 to 1936, and again since 1992. The unit of currency is the manat.
context_section_description: On February 7, 2005, the President of the Republic of Azerbaijan signed the Decree "On Changing the nominal value of money instruments and the scale of prices in the Republic of Azerbaijan".
  According to the decree, from January 1, 2006 1 new AZN was equal to 5,000 AZM.
  AZM and AZN jointly have been in circulation for 1 year - in 2006, and only from January 1, 2007, a full transition to the new manat was provided.
  The new manat for circulation consisted of 1, 5, 10, 20, 50, 100 denomination and 1, 3, 5, 10, 20, 50 metal coins.
caption: 100 AZN (2006)
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