In future, the Central Bank of Azerbaijan (CBA) is proposing to switch to plastic (polymer) banknotes, said the Chairman of Central Bank of Azerbaijan Elman Rustamov at a press conference in Baku on April 26. Due to long term use, the cotton paper banknotes lose their original appearance hence it leads to additional expenses for more

At the Annual Fitch Ratings Conference conducted in Baku on April 4, the Director of the Monetary Policy Department of the Central Bank of Azerbaijan- Azar Alasgarov said that the Central Bank of Azerbaijan has decided to issue long-term notes. The notes will be issued for three months, six months and as well as for more

Unlike the existing 10 manats, the opposite face of the new note has the coat of arms of Azerbaijan as a watermark. On the left side of the note, there is moving waves, a big denomination number in color with 3D effects and also the maiden tower is reflected by a new hologram were mini more

The Central Bank of Azerbaijan will continue to use five hundred euro notes as legal currency in circulation. It is allowed to store and use in all commercial structures banknotes with a face value of 500 euros. On May 4, 2016, the ECB has decided to suspend production of 500 euro banknotes and to reissue more

The presentation ceremony of commemorative badges and new 200 manat marking of the national leader Heydar Aliyev’s 95th anniversary and the 100th anniversary of the founding of the Azerbaijan Democratic Republic were held at the Central Bank. Opening the event, the Chairman of the Central Bank Elman Rustamov noted that the national currency is one more