TODAY.AZ / Business

AZN makes 75% from total amonut of banknotes

14 July 2006 [01:27] - TODAY.AZ
AZN (new manats) constitutes 75% in the current circulation.

National Bank of Azerbaijan's Cash Department director Hajibaba Masimov told APA that the old manats (AZM) constitutes only 25% in the circulation.

The volume of new banknotes and coins will increase in the circulation by this year’s end.

Use of old manats will terminate on January 1, 2007 by presidential decree.

But even after that time, NBA will continue to exchange old manats with new ones.

URL: http://www.today.az/news/business/28150.html

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