Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Sunday April 18 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Azerbaijan to issues banknotes with updated design, advanced security systems [PHOTO]

21 October 2020 16:10 (UTC+04:00)
1 534

By Ayya Lmahamad

The Central Bank of Azerbaijan has updated the design and protection system of banknotes of AZN 1, 5 and 50 per value with application of the latest technologies and innovations within the existing concept, the bank has reported.

The banknotes with the updated design and progressive protection systems will be put into circulation from January 1, 2021.

It should be noted that current banknotes will be in circulation in parallel with the updated banknotes and will be used as a means of circulation without restrictions.

“Our updated banknotes will continue to remain in the category of the safest banknotes in the international practice of artistic aesthetics and level of protection,” the bank stated.

In international practice, central banks periodically update the design and security systems of banknotes in order to strengthen the fight against counterfeiting, with the use of new technologies and innovations, to ensure that people’s needs are met.

Thus, taking into account international experience, the Central Bank of Azerbaijan has started modernization of national banknotes with application of the latest innovations, nano and micro technologies in the field of banknotes, and in 2019-2019 issued a new AZN 200 banknote, and improved the systems of protection of the AZN 10 banknote.

It should be noted that 14 years have passed since the national banknotes were put into circulation.

At present, the process of adaptation of all cash systems and equipment used in the country to the updated banknotes of AZN 1, 5 and 50 has started.

---

Ayya Lmahamad is AzerNews’ staff journalist, follow her on Twitter: @AyyaLmahamad

Follow us on Twitter @AzerNewsAz  

  • #AZERBAIJAN'S CENTRAL BANK

Related News

Central Bank of Azerbaijan to hold deposit auction for banks

Central Bank of Azerbaijan to hold deposit auction for banks

27 December 2020 11:00
Central Bank increases currency reserves by 0.5 pct in July

Central Bank increases currency reserves by 0.5 pct in July

5 August 2020 16:21
Bank supply at Azerbaijan's CBA deposit auction exceeds demand more than two-fold

Bank supply at Azerbaijan's CBA deposit auction exceeds demand more than two-fold

29 June 2020 16:17
Bank supply at Azerbaijan's CBA deposit auction surpasses demand three-fold

Bank supply at Azerbaijan's CBA deposit auction surpasses demand three-fold

22 June 2020 14:00
Azerbaijan responding well to external shocks during global crisis

Azerbaijan responding well to external shocks during global crisis

20 June 2020 14:44
Central Bank of Azerbaijan reduces interest rate

Central Bank of Azerbaijan reduces interest rate

19 June 2020 17:22
Azerbaijan's Central Bank holds foreign exchange auction with SOFAZ

Azerbaijan's Central Bank holds foreign exchange auction with SOFAZ

18 June 2020 15:44
Azerbaijan's Central Bank holds foreign exchange auction

Azerbaijan's Central Bank holds foreign exchange auction

16 June 2020 19:00
Bank supply at Azerbaijan's CBA deposit auction exceeds demand two-fold

Bank supply at Azerbaijan's CBA deposit auction exceeds demand two-fold

16 June 2020 17:00
Gold, silver prices lower on June 16

Gold, silver prices lower on June 16

16 June 2020 14:00
  • Latest
  • Popular
11:52 • Azerbaijan, Turkic Council discuss creation of joint digital tools
11:35 • Azerbaijan shares footage from Jabrayil's Dash Veysalli village [VIDEO]
11:13 • VICE News report on Armenia's attack on Azerbaijani Barda nominated for award
10:53 • Iran to send trade attaché to Azerbaijan
10:34 • New auction to be held for Azerbaijani Finance Ministry's mid-term bonds
10:17 • Foreigners to pass simplified visa procedures for 2021 F1 Azerbaijan Grand Prix
10:00 • SOCAR, Belneftekhim sing MoU on oil production
17 April 17:17 • Azerbaijan discloses number of COVID-19 vaccinated citizens
17 April 17:00 • Azerbaijan confirms 2,148 more COVID-19 cases, 2,287 recoveries
17 April 15:25 • Armenia falsified Caucasian Albania temples in Azerbaijan - rep of religious community
17 April 15:12 • Armenia strived to create history for itself in Azerbaijan's lands - Head of Albanian-Udi community
17 April 15:00 • Azerbaijan's Albanian-Udi Christian community members visit ancient temple in Tugh - Trend TV [PHOTO/VIDEO]
17 April 14:27 • Participants of Azercell Student Bursary and Internship Programs share their success stories
17 April 14:10 • Azerbaijani police find mortar shells, detonators left by Armenia in Gubadly
17 April 13:49 • Members of Albanian-Udi Christian religious community of Azerbaijan visit liberated Khojavand
17 April 13:31 • No point in discussing Nagorno-Karabakh problem in previous context - Russian expert
17 April 13:17 • Azerbaijan sets up structure to work on urban planning in liberated lands
17 April 12:43 • Relations within CIS IA to make comprehensive partnership ties more profound among member states - Chair of Azerbaijani Parliament
17 April 12:15 • Azerbaijani gymnasts win set of awards at Trampoline Hopes Cup tournament
17 April 11:49 • Relations between Russia, Azerbaijan attain degree of strategic alliance - Federation Council Chair of Russian Federal Assembly
17 April 13:17 • Azerbaijan sets up structure to work on urban planning in liberated lands
17 April 12:43 • Relations within CIS IA to make comprehensive partnership ties more profound among member states - Chair of Azerbaijani Parliament
17 April 12:15 • Azerbaijani gymnasts win set of awards at Trampoline Hopes Cup tournament
17 April 13:49 • Members of Albanian-Udi Christian religious community of Azerbaijan visit liberated Khojavand
17 April 13:31 • No point in discussing Nagorno-Karabakh problem in previous context - Russian expert
17 April 14:10 • Azerbaijani police find mortar shells, detonators left by Armenia in Gubadly
17 April 14:27 • Participants of Azercell Student Bursary and Internship Programs share their success stories
10:00 • SOCAR, Belneftekhim sing MoU on oil production
10:34 • New auction to be held for Azerbaijani Finance Ministry's mid-term bonds
17 April 15:00 • Azerbaijan's Albanian-Udi Christian community members visit ancient temple in Tugh - Trend TV [PHOTO/VIDEO]
17 April 17:00 • Azerbaijan confirms 2,148 more COVID-19 cases, 2,287 recoveries
17 April 15:12 • Armenia strived to create history for itself in Azerbaijan's lands - Head of Albanian-Udi community
10:17 • Foreigners to pass simplified visa procedures for 2021 F1 Azerbaijan Grand Prix
17 April 15:25 • Armenia falsified Caucasian Albania temples in Azerbaijan - rep of religious community
10:53 • Iran to send trade attaché to Azerbaijan
17 April 17:17 • Azerbaijan discloses number of COVID-19 vaccinated citizens
11:13 • VICE News report on Armenia's attack on Azerbaijani Barda nominated for award
11:35 • Azerbaijan shares footage from Jabrayil's Dash Veysalli village [VIDEO]
11:52 • Azerbaijan, Turkic Council discuss creation of joint digital tools
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved