In Azerbaijan, the basic unit of currency is the Azerbaijani manat (AZN). The manat is the official currency of the Republic of Azerbaijan, a country located in the South Caucasus region of Eurasia.

The Azerbaijani manat is abbreviated as AZN and is subdivided into 100 qəpik. The manat was introduced as the national currency of Azerbaijan in 1992, replacing the Soviet ruble. Since then, it has become the primary medium of exchange for goods and services in the country.

The Central Bank of Azerbaijan is responsible for the issuance and regulation of the Azerbaijani manat. It ensures the stability of the currency and monitors its value in relation to other currencies in the international market.

As the basic unit of currency, the manat is widely accepted throughout Azerbaijan. It is used for everyday transactions, including purchasing groceries, paying bills, and conducting business transactions. The manat is available in various denominations, including banknotes and coins.

To exchange foreign currency into Azerbaijani manat, individuals can visit authorized currency exchange offices or banks. These establishments provide services for converting currencies, ensuring that visitors and residents have easy access to the local currency.

When visiting Azerbaijan, it is advisable to have some Azerbaijani manat on hand for day-to-day expenses. While credit cards are accepted in many establishments, having cash is beneficial, especially in smaller shops, markets, and rural areas where cash transactions are more common.

The Azerbaijani manat's value fluctuates against other major currencies, and its exchange rate can be influenced by economic factors such as inflation and foreign investments. Therefore, it is essential for individuals to stay updated with the current exchange rates when planning their visit or financial transactions involving the Azerbaijani manat.

Overall, the Azerbaijani manat serves as the backbone of the country's economy, facilitating commerce and trade both domestically and internationally. Its stability and acceptance make it an essential component of daily life in Azerbaijan.

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