differences between the new money and
existing money according to the design
and technical features?
In the earliest years of the state independence there was not any sole design concept. The experiences of the developed countries show that the national currency and money have to be changed every 7-10 years. The main reason of this is the rapid development of the computer technology and accordingly the counterfeit technology. This way their designs are prepared according to the demands of the new period.
The National Bank has already prepared the development conception for the design of the new generation money and a new protection philosophy in the direction of the modernization of the national currency-manat. It should be noted that at the time being the new generation banknotes to be in the turnover will be of the highest international protection standards and easily recognizable by the population.
The implementation of the denomination process makes the turnover of coins alongside with the banknotes inevitable as well. From 2006, after the denomination the issue of the banknotes of 6 nominal (1, 5, 10, 20, 50 and 100 manats) and coins of 6 nominal (1, 3, 5,10,20,50 coins) is planned. This way the new nominal structure of manat will maximally simplify the cash payments.
The world’s well known printing companies and designers had been attracted to the preparation of the new design. (The author of the euro, De La Rue Company of England, Orell Füssli of Switzerland, Giesecke and Devrient of Germany, Enschede of Holland, Oberthut of France). As to the main subject of the design we can say that the design of the latest world standards is being prepared. Here the key target will be to emphasize the position of Azerbaijan in the international scene, integration to the international system according to the world values.
The banknotes will be issued according to the highest international safety standards. The protection and technical indicators of the banknotes are being prepared within the frame of the technical support of The National Bank of Switzerland. We’d like to add that according to the progress in the safety system of money The National Bank of Switzerland is considered as a favorite and while comparing the different currency banknotes the Swiss Frank banknotes are considered as a model from the protection point of view. The safety system of the new generation banknotes are being prepared multi – graded. http://www.nba.az/?mod=inside&id=555&sub1=471&sub2=476&lang=en