National Currency of Azerbaijan
National currency of the Republic of Azerbaijan is represented by Azerbaijani manat. One manat is equal to 100 kapeykas. Currently there are banknotes of the following denominations in the monetary circulation of Azerbaijan: 1, 5, 10, 20, 50 and 100 manat, and coin of the following denominations: 1, 3, 5, 10, 20, 50 kapeykas.
Designer of the modern Azerbaijani manat is Robert Kalin, the founder of a modern Euro design. Robert Kalin managed to display a rich traditional and modern culture of Azerbaijan in a design of the banknotes. As any new national currency, Azerbaijani manat, was subjected to the denomination. This happened twice - in 1992 and 2006. The current situation in the country with the money is twofold. Foreign exchange bureaus are working in banks, or separately.
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