In February of the same year, the Transcaucasian Commissariat began issuing booms (the first Transcaucasian ruble, “zakbon”), which were issued until September 1918 and distributed on a contractual basis between Georgia, Armenia and Azerbaijan.
[1] In October 1918, the government of the Azerbaijan Democratic Republic began issuing booms.
In September 1919, the State Bank of Azerbaijan was established, which began issuing banknotes of the ADR until April 1920.
The issue of paper money of the Azerbaijan Socialist Soviet Republic began in April 1920 and lasted until January 1923.
The exchange period was originally set from January 10 to March 10, 1923, but was later extended to April 10, 1924.