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The country that was once a part of the Soviet Union, Azerbaijan is a place that attracts people from across the globe. Its capital Baku is hugely popular for its medieval influence in its architecture and lifestyle. There are many unusual activities that one can do in this country. Make a bucket list and don’t miss a single one.
Money talks and it is a universal truth. No matter which country you travel to, you must have enough money that you can convert for a better time there. Azerbaijan currency is Azerbaijani Manat. Its value in Indian rupee is INR 41.86. The Central Bank of Azerbaijan is the issuer of the currency of the country. Bank notes available in the form of the country’s money are 1 Manat, 5 Manat, 10 Manat, 20 Manat, 50 Manat and 100 Manat. The coins available are 1 qepik, 3 qepik, 5 qepik, 10 qepik, 20 qepik, and 50 qepik.
The symbol for Azerbaijani Manat is AZN. There is a meaning behind the name of the currency, one that has a Latin derivation. Manat comes from the Latin word “Moneta” meaning two Goddesses; one being the Goddess of Memory while the other Goddess being of several things such as money, mint and more.
Travelling to a country for the first time is not very easy and simple as it sounds. You may need to know a number of things about the country. One such information that you must be aware of is Azeri currency, especially its history. This gives you an edge over other travelers among the locals there.
Azerbaijan Manat is believed to have been introduced between 1919 and 1923. Within the same duration, specifically in the year 1918, Transcaucasian Commissariat introduced what we knew as Ruble. Simultaneously, Manat took its place until again in the year 1924 when Ruble was declared the national currency. It was after independence in the year 1992 that Manat took the place of Azeri currency, the latest currency circulated since February 2005. Till date, three Manats had been introduced. The currency now is the new Manat. The latest Azerbaijan Manat was introduced in the year 2006.
The toughest challenge that one faces when visiting a new country is the exchange of money. There are two obstacles; either you are unaware of the exchange services in the country or the rate at which you need to exchange doesn’t suit your pocket. It is therefore necessary that you do your homework properly before visiting a new country. If you are looking to convert your national currency to Azerbaijan Manat, you have several choices.
It is best to use your international debit or credit card to make any transaction. Other than that, ATMs offer the best exchange rates. It is advisable you withdraw your money, depending on the fee deducted. Also, if withdrawn in bulk, you could save more. Advanced countries these days use digital wallets. You can check online and find if there is any for making transactions in Azeri Currency. Another alternative can be banks that offer good exchange rate where you can exchange your money and get the local currency in return.
Like most countries going digital, even Azerbaijan believes in making digital transactions for most of the purchases. You can use credit card, prepaid cards, mobile phones (digital wallet), bank transfers, and cash. Approximately, 25 percent people use credit cards, 2 to 5 percent use prepaid cards, 5 percent use bank transfers and 10 percent use digital wallets. Cash is still in use as it is considered the best in most of the countries.
Any time, you visit the country, ensure you have Azerbaijan Manat in the form of these transaction methods. There are also people who have friends in the country. They prefer sending money to their account through wire transfer, after which, they take it from them after landing in the country.
Tipping is a courtesy that most of us like to show. It is true that most of us have tipped in cafes, restaurants, bars or for services that we have appreciated. It is no different for you if you are in Azerbaijan. If you like any of their services being there, you can pay an amount that is decent. Now that you know the value of Azeri currency, you can make better decisions in deciding the amount.
Mostly, people like to pay in restaurants to the one who waits the table, one who is a bartender or to someone who is a food and beverage associate. You can also pay your hotel service providers. In return what you get is a big smile and their better services. Enjoy your stay!
