17 June 2008

New Banknotes of Azerbaijan

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For those who do not know where is this country please use a map.New banknotes were issued on 1 Jan 2006.The manat is divided into 100 Qepiks.Each New manat was worth 5000 old manat.If we were look closely,the designs of these notes are similar to the ones of the Euro banknotes,that is because the notes were also designed by Austrian Robert Kalina.The first 6 images shows the front and the 7th image shows the common reverse.Beautiful notes these are and the value is not small either,1 New manat is worth about USD1.22 or MYR3.97.It is also currently the 8th highest valued currency.Isnt it easy,priting new notes and throwing away a few zeros and you get a currency which has more value.

A few facts about The Republic of Azerbaijan
Capital-Baku
Area-86,600 square km
Religion-Muslim
Population-8,653,000/2008 estimate
Perhaps MYS should follow Azerbaijan then people will stop complaining of the small value of our money compared to others major currencies and they will appreciate it more.

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