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President Ilham Aliyev issued a decree on the redenomination of Azerbaijan's currency, with 1 new manat equal to 5000 old manats.
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Ilham Aliyev
President of Azerbaijan since 2003
Ilham Heydar Oghlu Aliyev is an Azerbaijani politician who has been the fourth president of Azerbaijan since 2003. He has been the leader of the New Azerbaijan Party since 2005.Source: Wikipedia (CC BY-SA)
Redenomination of the Azerbaijani manat
2006 currency redenomination
The redenomination of the Azerbaijani manat was a reform of Azerbaijan's national currency, manat, when 1 new manat was equated to 5000 old manats. The redenomination was conducted in 2006 in accordance with the February 7, 2005 decree of Azerbaijani president Ilham Aliyev.…Source: Wikipedia (CC BY-SA)
Azerbaijani manat
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