Azeri New Manat (AZN)= 100 gopik. Notes are in denominations of 100, 50, 20, 10, 5 and 1 AZN. Coins are in denominations of 50, 20, 10, 5, 3 and 1 gopik.
The government of the Republic of Azerbaijan is based on the principles of separation of power. In line with the traditional concept of separation of power, the Constitution of the Republic of Azerbaijan determines that the executive power is held by the President of the Republic of Azerbaijan, the legislative power is carried out by the Parliament (Milli Majlis), and the judicial power is held by independent courts, the Constitutional Court being the highest court of Azerbaijan.
The New Year celebration is a family holiday although often held together with friends.