Make Payments in AZN - Azerbaijani Manat
Pay in Azerbaijani Manats (AZN)
Mondial Change allows you to make international payments in AZN (Azerbaijani Manat) with ease. Manage your Azerbaijani Manat beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your AZN operations (a spread is applied on the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Azerbaijani Manat (AZN)
It is currently not possible to receive payments in AZN.
Mondial Change Answers All Your Questions About Payments in Azerbaijani Manats (AZN)
What is the timeframe for an AZN payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for an Azerbaijani Manat transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if AZN payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for a payment in Azerbaijani Manat (AZN)?
The fees applied to transfers in Azerbaijani Manat (AZN) generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading room. The rate mainly depends on your annual AZN exchange volume and the number of Azerbaijani Manat payments made during the year.
Are there minimum or maximum amounts for payments in Azerbaijani Manat (AZN)?
Mondial Change and its partners verify that your Azerbaijani Manat flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Azerbaijani Manat (AZN)?
For AZN payments via the SWIFT network, at a minimum, the following information must be provided:
• Full name of the beneficiary
• Full address of the beneficiary
• IBAN
• SWIFT code of the beneficiary's bank
Is it possible to modify a payment in Azerbaijani Manat (AZN) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Azerbaijani Manat (AZN) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment has not been executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Azerbaijani Manat (AZN) cannot be executed?
January 1: New Year's Day (Yeni il)
January 2: Second Day of New Year
January 20: National Mourning Day (Qara Yanvar)
March 8: International Women's Rights Day
March 20: Nowruz (Persian New Year)
March 21: Nowruz (second day)
Variable date: Eid al-Fitr (Ramazan Bayramı)
May 9: Victory Day over Fascism (Faşizm üzərində Qələbə Günü)
May 28: Republic Day (Müstəqillik Günü)
Variable date: Eid al-Adha (Qurban Bayramı)
June 15: National Salvation Day (Milli Qurtuluş Günü)
June 26: Armed Forces Day (Silahlı Qüvvələr Günü)
November 9: National Flag Day (Bayraq Günü)
December 31: Day of Solidarity of World Azerbaijanis (Dünya Azərbaycanlılarının Həmrəyliyi Günü)
History of the Azerbaijani Manat
The Azerbaijani Manat (AZN) is the official currency of the Republic of Azerbaijan. It was initially introduced in 1919, then re-established in 1992 after the country's independence from the USSR. A major reform in 2006 altered its parity and introduced a new series of modern banknotes. The manat is subdivided into 100 qəpik. It is issued and regulated by the Central Bank of Azerbaijan (CBA) and used for all internal economic transactions.
Monetary Policy of the Azerbaijani Manat
The Central Bank of Azerbaijan (CBA) is responsible for monetary policy. It aims for price stability, inflation control, and the development of a reliable banking system. The manat operates under a managed exchange regime, with regular interventions to limit volatility. The CBA uses tools such as the policy rate, management of bank reserves, and regulation of capital flows to strengthen the solidity of the national financial system.
Features of the Azerbaijani Manat
The Azerbaijani Manat (AZN) is a stable regional currency, supported by prudent monetary policy and the country's natural resources, notably oil and gas. Although it is not freely convertible, international transactions are possible via the SWIFT network. The banknotes are equipped with advanced security features such as holograms, watermarks, and special inks. The AZN is widely used in domestic exchanges and plays an increasing role in regional trade in the Caucasus and Caspian Sea.