1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.2382 AZN (Azerbaijan New Manat). It is the currency of Azerbaijan. Azerbaijan was a former member of Soviet republic, located as neighbor to Russia and Turkey. There were three Manat currencies issued. The first Manat was issued 1919 and was in circulation until 1923, which was also known as the Russian Ruble. The Russian Ruble was replaced by the second Azerbaijan Manat in 1992. The 3rd issue, the New Manat replaced the 2nd Manat in 2006, with the parity of 1 New Manat = 5000 old Manats. It is denoted by the symbols "m" and "man". The central bank controlling the currency is The Central Bank of Azerbaijan.