The first series of Manat notes in Azerbaijan, were issued between 1919 and 1923.
After the first World War, Azerbaijan had its own banknotes, before they were incorporated in the former Sovjet Union. Already then, the money was 'kopeks and rubles', like in Russia.
After the independence of 1991, a new currency was introduced, the Manat, devided in 100 qəpik.
The word 'qəpik' (kae-pic) is clearly derived from the Russian word 'kopek'.
But also the word manat has surprising roots. The consonants M-N-T/D refer to MoNeT/Da, the Latin word for coin (money).
Where the first Manat-series after the Russian ruble, got the international code AZM (AZerbaijan Manat), the new currency was given the code AYM at first. Since the manat underwent a devaluation (5000 old manat became one new manat), a new code was required. But erroneously this code (AYM) was not correct according the ISO-rules, hence it became AZN in 2006.
Since 2005 the new manat is used, and currently two different designs are in use.
The first design (2005) was replaced by a 'refurbished' design in 2017. Both versions are still legal tender and the old notes are gradualy replaced by the new ones.
1 manat note:
Image below : two versions of the 1 manat note.
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| 1 manat (2005 and 2020) |
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| Daf-drum and tar (guitar) |
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| kamancha instrument |
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| Azerbaijani players with their instuments |
The same instrument on the 'first' banknote, is also depicted on the 'first' coin (1 qəpik).
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| 1 qəpik - instruments |
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| reverse side of 1 manat old and new design |
The new design has a line ( / ) in the left and right margin, in the old design, there is a white gap in the border frame.
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| 1 manat old and new design |
to be continued ...
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