Denomination nun auch in Aserbaidschan???!!!???

[mika-r]

Fangen die jetzt auch noch an.

Scheint grad irgendwie in zu sein seine Währung zu redenominieren (tolles wort gell)!!!

Kann uns Sammlern aber nur recht sein, denn dann gibts hoffentlich neue und v.a. interessante neue Münzis und Scheinchen.

Hier der Artikel:

Azerbaijan Plans to Cut Zeroes From Banknotes in Currency Reform
BAKU, Feb 7 (AFP) - Azerbaijan plans to slash zeroes from its banknotes in a currency reform aimed at making it easier to use by the public starting in 2006, the former Soviet republic's president said Monday.

President Ilham Aliyev sighted "the need for further improving currency turnover in the country and simplification of accounting practices" in making his decision, the presidential administration quoted him as saying.


One dollar is equal to roughly 5,000 manat today, while the country's most valuable note, 50,000 manat is currently worth only 10 dollars.

Starting New Year's Day 2006, 5,000 old manats will become equal to one new manat, easing the mental hurdles shoppers have to take when paying for ordinary goods that currently have nominal values in the millions.

Merchants will be required to display prices in the new and old currencies from October this year, according to Aliyev's decree.

Azeris will be able to use both currencies until the end of 2006.

Source: Baku Today

Azerbaijan Economy

Quelle: http://www.turkishweekly.net/news.php?id=4017

 

[mika-r]

Wert des Manats über US$!!!

Hier die letzten Meldungen.

Ein neuer Manat wird am 01/01/2006 eingeführt werden und der "Umtauschkurs" ist 1:1000.

Münzen wird es zu 1, 5, 10, 20 und 50 Qapik geben und Scheine zu 1, 5, 10, 50 und 100 Manat!

Manat value to exceed US dollar
Banknotes with face value of 1, 5, 10, 20, 50 and 100 manats and metal coins worth 1, 5, 10, 20 and 50 fractions of one Manat will be released into the circulation in Azerbaijan as part of the denomination process since January 1, 2006, the National Bank board chairman Elman Rustamov told a press conference last Wednesday.

He said the denomination will improve circulation of money and reduce expenses in state funds. The danger of ensuing inflation will be only at 0.1-0.2%, he said. After the denomination, the value of one manat will exceed that of a US dollar ($1 currently equals 4,900 manats).
The NB board chairman said that one of the goals for replacing the old banknotes is to improve their protection and quality.

Rustamov continued that the Manat value dropped 10,000 times since 1992, pointing out the need for issuing the new banknotes from the economic, technical and design viewpoints. He said that the current absence of metal coins leads to wearing out paper money quickly. Besides the fact it is cheaper to produce metal coins than paper money, the term of their use is four times longer, Rustamov said.
Banknotes of some 10 values are currently in use, while the international experience shows that it is most convenient to use those of 7 values, Rustamov added.
The new banknotes will be designed by Austrian expert Robert Kalina, who had developed Euro's design. During a tender announced, sample banknotes of different design were submitted by several companies and specialists and a final decision made to select Kalina, Rustamov said.
The money will be emitted in Great Britain, the NB board chairman said. The new banknotes will be issued by British De La Rue company, while coins - by the Royal Treasury.
Rustamov also said that the 250 million new banknotes and 150 million coins will be delivered to the country in September-October and distributed among local banks until their release into circulation.
The National Bank plans to order new banknotes and coins once every four years.

Turkish experience
Specialists of the Central Bank of Turkey are scheduled to visit Azerbaijan in March, the NB board chairman said. The goal of the visit is to use Turkey's experience in denomination of Azerbaijan's national currency, Rustamov said. He also mentioned that the experience of 48 countries and the International Monetary Fund will be used during the denomination process.
A Swiss bank is the National Bank's consultant on denomination.



Quelle: AZERNEWS http://www.azernews.net/view.php?d=5963

 

[mika-r]

News Aserbaidschan

Hier der Bericht:

New banknotes to show historic themes

The new banknotes will not show the image of the former Azerbaijani President Heydar Aliyev, as previously expected.


They will display images relating to Karabakh, the history of Azerbaijan, cultural and art themes, says the National Bank of Azerbaijan (NBA) board chairman Elman Rustamov.


Work is currently underway on developing the design of banknotes worth 50 and 100 manats and will complete shortly. The images on these banknotes will say “Children, education and future” and “Economy and future development” respectively.

Quelle: http://www.bakutoday.net/view.php?d=13374