The Manat is the official currency of Azerbaijan, introduced in 1992 after the country gained independence from the Soviet Union. It is abbreviated as AZN and is subdivided into 100 gopik. The currency symbol is ₼, and it is used for all transactions within the country. The Manat is issued by the Central Bank of Azerbaijan, which regulates its value and circulation. The currency has undergone several changes in design and security features to prevent counterfeiting. The Manat is also traded on foreign exchange markets, reflecting the economic conditions of Azerbaijan.