AZN – Azerbaijani Manat
The payment processing of this currency is considered to be complex.
- 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 (TIN/VOEN) is required and should be mentioned in the remittance information. The beneficiary's tax ID is not required if the beneficiary is an individual.
Several information about the beneficiary bank is also mandatory. In the beneficiary bank field (57A), the beneficiary's bank IBAN account held at the central bank as well as the BIC swift code are mandatory. In the remittence field (70), the beneficiary's bank BIK code as well as the beneficiary's bank tax ID (TIN/VOEN) are mandatory.
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
To consult the Appendix(es) click hereAppendix VI: IBAN Application Rules
- Additional information
• Available charge option: OUR/SHA/BEN
• Central bank of Azerbaijan: http://en.cbar.az/