On 1 January 2006, a new manat also called the "manat (national currency)") was introduced at a value of 5,000 old manat. Since 1 October 2005, prices have been indicated both in new manats and in old manats to ease transition.
Banknotes in circulation are 1, 5, 10, 20, 50 and 100 manat. They were designed by Austrian Robert Kalina, who was also responsible for the current euro banknotes. The notes look quite similar to those of the euro and the choice of motifs was inspired by the euro banknotes.
By Alaincoins
