BAKU, Azerbaijan, July 2. Azerbaijan's central bank will begin circulating an updated 100-manat banknote on July 15, said a senior official in an interview with Trend
Rashad Mammadov, director general at the Central Bank of Azerbaijan, said the bank informs the public about redesigned banknotes and other changes before they enter circulation through its official website and social media channels.
"One of the latest changes was the release of the updated 50-manat banknote into circulation in December last year. On July 15 this year, the updated 100-manat banknote is planned to be released into circulation," Mammadov said.
He said the central bank's analysis showed that most counterfeit attempts involve basic techniques such as color copying or scanning, making the fake notes relatively easy for bank employees and detection equipment to identify.
"As a result of the high technical indicators of national banknotes and the reliability of security elements, the level of counterfeiting of national banknotes is considered significantly lower compared to the leading currencies of the world and the currencies of neighboring countries," Mammadov said.
