AZM is an acronym that commonly stands for "Azerbaijani manat," which refers to the official currency of Azerbaijan. The Azerbaijani manat is the legal tender and monetary unit of Azerbaijan, a country located in the South Caucasus region of Eurasia. It was introduced in 1992 after the collapse of the Soviet Union, replacing the Soviet ruble as the national currency.
The AZM is further subdivided into 100 smaller units called qəpik. Coins are issued in denominations of 1, 3, 5, 10, 20, 50 qəpik and banknotes in denominations of 1, 5, 10, 20, 50, 100, and 200 manat. The currency features various security elements to prevent counterfeiting, such as watermarks, holograms, and security threads.
The symbol for the Azerbaijani manat is ₼, derived from the letter "m" in Azerbaijani (manat) and combining it with the horizontal line of the currency sign.
The value of the AZM fluctuates in relation to other currencies due to factors such as inflation, economic performance, and geopolitical events. As with any currency, exchange rates are determined by the foreign exchange market, with conversion rates varying between countries.
Overall, "AZM" primarily stands for the Azerbaijani manat, the official currency of Azerbaijan, used for various financial transactions and as a unit of account within the country.
