Manat definitions
| Word backwards | tanaM |
|---|---|
| Part of speech | Noun |
| Syllabic division | Ma-nat |
| Plural | The plural form of the word "Manat" is "Manatlar". |
| Total letters | 5 |
| Vogais (1) | a |
| Consonants (3) | m,n,t |
Overview of Manat
Manat is the official currency of Azerbaijan, abbreviated as AZN. It was introduced in 2006 to replace the previous currency, the Azerbaijani manat, at a rate of 5,000 old manats to 1 new manat. The word "manat" is derived from a Russian word meaning "a certain weight."
History of Manat
The manat has undergone various changes and fluctuations since its introduction in 2006. The currency has seen periods of stability as well as depreciation due to economic factors and global market changes. The Central Bank of Azerbaijan is responsible for regulating the manat and ensuring its stability in the market.
Design and Denominations
The Manat comes in both coins and banknotes, with various denominations for different values. The coins are issued in 1, 3, 5, 10, 20 and 50 qəpik, while the banknotes are available in 1, 5, 10, 20, 50, and 100 manat. Each denomination features different historical figures, landmarks, and cultural symbols of Azerbaijan.
Usage and Exchange Rate
The manat is widely used for transactions within Azerbaijan, and its exchange rate is determined by the country's Central Bank. It is essential for both locals and tourists to be aware of the current exchange rate when dealing with the manat to avoid any discrepancies or financial losses.
Overall, the manat plays a crucial role in the economic landscape of Azerbaijan, serving as the primary medium of exchange for goods and services within the country. Its history, design, and exchange rate all contribute to its significance as a symbol of Azerbaijan's economic identity.
Manat Examples
- The currency in Azerbaijan is called the Manat.
- I exchanged my Dollars for Manat at the bank.
- She paid for her meal using Azerbaijani Manat.
- The price of the item was listed in Manat.
- He calculated the cost in Manat before making a purchase.
- The exchange rate for Manat to US Dollars is favorable.
- They budgeted their trip in Azerbaijani Manat.
- The taxi driver quoted the fare in Manat.
- The hotel bill was settled in Manat.
- She received her salary in Manat.