Third Manat, 2006
On 1 January 2006, a new manat (ISO 4217 code AZN, also called the "manat (national currency)") was introduced at a value of 5,000 old manat. Since 1 October 2005, prices have been indicated both in new manats and in old manats to ease transition. Coins denominated in qəpik, which had not been used from 1993 onwards due to inflation, have been reintroduced with the redenomination.
The former manat (ISO code 4217 AZM) remained valid till 31 December 2006.
Read more about this topic: Azerbaijani Manat