Information about the Azeri New Manat
CurrencyAzeri New Manat (AZN) = 100 gopik. Notes are in denominations of AZN100, 50, 20, 10, 5 and 1. Coins are in denominations of 50, 20, 10, 5, 3 and 1 gopik.
Currency exchange
US Dollar, Pound Sterling and the Euro are the preferred currencies and can be exchanged at the airport, bureaux de change, all hotels, some restaurants and major banks. However, many local hotels, exchange bureaux and restaurants will not accept dollar bills dated before 1992 or those which are torn or in any way disfigured. Travellers are advised to take banknotes in small denominations and change small amounts of money as required. Rates offered by banks and bureaux de change are unlikely to vary significantly.
Credit & debit cards
Some major credit cards are accepted in Baku, at large hotels, restaurants and banks. However, generally, Azerbaijan is a cash-only economy. Credit cards can be used to purchase tickets at the airport.
Traveller's cheques
Not generally accepted.
Currency restrictions
The import and export of local currency is permitted for residents of Azerbaijan provided the amount is declared on the customs declaration. The import of foreign currency is unlimited although it must be declared on arrival. The export of foreign currency for non-residents is limited up to the amount declared on arrival. The export of foreign currency for residents is limited up to US$10,000 or equivalent; amounts in excess of US$1000 or equivalent are subject to 1 per cent tax.
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