Azerbaijan
Azerbaijan transition to new notes 90% complete
Sep 21, 2006 10:53 AM Category: Eurasia
According to a September 21, 2006 Azeri-Press Information Agency report, the National Bank of Azerbaijan’s cash department deputy director Hajibala Masimov claims that 90 percent of the notes now in circulation are of the new manat series (Pick 24-29), introduced from January through May. The old style notes will continue to circulate until January 1, 2007, after which time they must be exchanged for new notes at banks. Masimov also said that there are no plans to issue a denomination larger than the current 100-manat note (Pick 29).
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