Historic Saudi riyal Azerbaijani manat

Saudi riyal azerbaijani manat history for December 2023. The highest quote for this month is 0.4537 (29/12/2023) and the lowest 0.45445 (06/12/2023). The difference between high and low is -0.17.

SAR AZN average rate for December 2023 is 0.45351, the change between 01/12/2023 and 31/12/2023 is -0.04 %.

01 December 20231 SAR = 0.4536 AZN
04 December 20231 SAR = 0.4531 AZN
05 December 20231 SAR = 0.4536 AZN
06 December 20231 SAR = 0.4537 AZN
07 December 20231 SAR = 0.4539 AZN
08 December 20231 SAR = 0.4535 AZN
11 December 20231 SAR = 0.4532 AZN
12 December 20231 SAR = 0.4537 AZN
13 December 20231 SAR = 0.4537 AZN
14 December 20231 SAR = 0.4535 AZN
15 December 20231 SAR = 0.4536 AZN
18 December 20231 SAR = 0.4531 AZN
19 December 20231 SAR = 0.4536 AZN
20 December 20231 SAR = 0.4536 AZN
21 December 20231 SAR = 0.4537 AZN
22 December 20231 SAR = 0.4536 AZN
25 December 20231 SAR = 0.4532 AZN
26 December 20231 SAR = 0.4533 AZN
27 December 20231 SAR = 0.4532 AZN
28 December 20231 SAR = 0.4537 AZN
29 December 20231 SAR = 0.4538 AZN

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.