Currencies

Countries that use the Manat

The Manat was established in 2006 as an official national currency and is used only in Azerbaijan. 1 Manat is devided into 100 Qäpi.

ISO 4127:
AZN
Numeric:
944
Symbol:
ман
1.00 Manat = 0.59 US Dollar
(date: 06/21/2018)



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Exchange rate history 1 AZN in USD



Manat as currency

CountryRegion
AzerbaijanWestern Asia




Currency reserves for the Manat

According to the International Monetary Fund, the total broad money (M3) amounted to AZN 20.89 billion at the end of 2016. For currency hedging, reserves were held in a total amount of 10.49 billion Manats. This corresponds to a ratio of 1:2.0. Or in other words: 1 of 2 Manats is deposited with a countervalue, which is internationally already above average.

Approximately 1.2 billion Manats (11.2%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Micronesia, Federated States ofMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean