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Elman Rustmaov: Presentation of new Azerbaijan’s Manats to be held in December

Business Materials 24 November 2005 17:45 (UTC +04:00)

Presentation of new manats of Azerbaijan (AZN) will be held in December 2005. The works on preparation to the denomination in Azerbaijan are going on well, Trend reports citing the local ANS TV company and the board chairman of the Azerbaijan’s National Bank Elman Rustamov. В"The National Bank is conducting consultations with international institutions in this respect”, he specified.

"For today we have up to 7 banknotes. Taking into account 6 new ones, there will be 12 banknotes in circulation. Issuing of new banknotes will be phased during 2-3 months depending on the tempo of using the new mantas by the population”, he said.

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