Which currency did Azerbaijan introduce in 1992 after gaining independence from the Soviet Union?

Azerbaijan introduced the Azerbaijani manat in 1992 after gaining independence from the Soviet Union.

The first manat replaced the Soviet ruble in Azerbaijan during the early years of independence. A later monetary reform created the new manat, which entered circulation in 2006 at a rate of 5,000 old manats for 1 new manat. The reform also removed several zeros from prices and banknotes.

The modern manat has the ISO 4217 code AZN and is divided into 100 qəpik. It is issued by the Central Bank of the Republic of Azerbaijan. The manat’s symbol, ₼, was adopted for the modern currency and is used in Azerbaijani price displays.

The Azerbaijani manat is often confused with the Turkmenistani manat because both currencies share the name “manat.” They are separate currencies belonging to different countries. The Georgian lari and Armenian dram are also neighboring post-Soviet currencies, but neither is Azerbaijan’s money.