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Central Bank of Azerbaijan to introduce polymer banknotes

In future, the Central Bank of Azerbaijan (CBA) is proposing to switch to plastic (polymer) banknotes, said the Chairman of Central Bank of Azerbaijan Elman Rustamov at a press conference in Baku on April 26. Due to long term use, the cotton paper banknotes lose their original appearance hence it leads to additional expenses for the Central Bank. The banknotes of denomination 1, 5, 10 and 20 manats are the most frequently replaced banknotes in circulation.

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