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AZN – Azerbaijani Manat

Overview

The payment processing of this currency is considered to be relatively standardised.

Currency Guidelines

Besides the standard information, it is important to note that the IBAN format is always recommended (see Appendix VI).

The full name (written out in full, without initials, abbreviations or acronyms) and physical full address of the beneficiary are mandatory.

A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

The beneficiary’s tax ID is required and should be mentioned in the remittance information.

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES

To consult the Appendix(es) click here

Appendix VI: IBAN Application Rules
Additional information

• Available charge option: OUR/SHA/BEN

• Central bank of Azerbaijan: http://en.cbar.az/