Azerbaijan Manat in Rwandan Franc

AZN Azerbaijan Manat

Country of application:
Azerbaijan

Coin denominations in circulation:
50, 20, 10, 5, 3 and 1 qepik.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 and 1 manat.

History reference:
The countries of circulation are the Republic of Azerbaijan. The Azerbaijani manat became the national currency of the Republic in 1992. In November 1993, all tickets were withdrawn from circulation,... and in January 1994 the Azerbaijani manat received the status of a single means of payment. Putting into circulation in 1992, initially on a par with Soviet and then Russian rubles, largely influenced the status and purchasing value. Concomitant negative factors, which were first general political instability, and then the military conflict with neighboring Armenia, caused hyperinflation. As a result, by the beginning of 2006, the Central Bank of the country made a decision on the denomination, which turned out to be very successful in terms of further strengthening and stabilizing the exchange rate.

RWF Rwandan Franc

Country of application:
Rwanda

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 and 100 francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000 francs.

History reference:
The Rwandan franc or Rwandan franc is the national currency of Rwanda. In 1916, after the transfer of Rwanda from Germany to Belgium, instead of the rupee of German East Africa, the Belgian Congo fra...nc was introduced, in 1960 it was replaced by the franc of Rwanda and Burundi. In 1964, the latter, which was the common currency for Rwanda and Burundi, was replaced by the Rwandan franc. There is a proposal for a single currency, the new East African shilling, for the five member states of the East African Community. While this was originally planned to happen by the end of 2012, as of December 2020, the single currency has yet to be introduced.