The “old” manat AZM was replaced by the “New Azerbaijani manat” on January 1, 2007, due to inflation, although the transition is still ongoing, and old manat may still be exchanged for new.
New banknotes in denominations of 1, 5, 10, 20, 50, and 100 New Azerbaijani manat and metal coins in denominations of 1, 3, 5, 10, 20, and 50 gapik (AZN0.5) are in circulation. Because the same designer worked on both sets, the banknotes have a consistent design that is evocative to euro banknotes.
The new Azerbaijani manat (AZN) symbol, Azeri manat symbol.svg, has been allocated to Unicode as U+20BC, although m. or man. are sometimes used as substitutes for the manat symbol on price tickets and in local publications.
Remember that the import and export of New Azerbaijani manat is absolutely prohibited. (Collectors may export modest amounts of old manat banknotes, but not coins, with relative impunity.)