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.
1.00 Manat = 0.59 US Dollar
Exchange rate history 1 AZN in USD
Manat as currency
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
All information without guarantee.