Iranian Rial in Azerbaijan Manat

IRR Iranian Rial

Country of application:
Iran, Afghanistan, Iraq

Coin denominations in circulation:
1,000, 2,000, 5,000 Iranian rial.

Denominations of banknotes in circulation:
5,000, 10,000, 20,000, 50,000, 100,000, 500,000 Iranian rial.

History reference:
The rial was the currency of Persia from 1798 to 1825 and of Iran since 1932. The rial first became the derivative currency of Iran (at that time Persia) in 1798. Rials were introduced as coins with ...a denomination of 1250 dinars (bargaining unit) or 1/8 fog (basic unit). In 1825, the rial ceased to be issued and until 1932 the currency of Iran was the Persian fog. The peculiarity of Iranian coins is that they are dated according to the Solar Hijri. Compared to the Gregorian calendar, there is a lag of 622 years. So, 1390 p. Hijri correspond to the year 2011 of our calendar. In addition, the coins of the Shah period are dated both according to the Hijri and according to the so-called Monarchic solar year, which is ahead by 559 years.

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 In November 1993, all tickets were withdrawn from circulation,...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.