Currency Exchange in Uzbekistan

Key Information About Currency Exchange in Uzbekistan

Official Currency

• The national currency of Uzbekistan is the Uzbekistani Som (UZS).
• Symbol: soʻm (UZS)
• ISO Code: UZS

Accepted Foreign Currencies

The most commonly exchanged currencies in Uzbekistan include:

• US Dollar (USD)
• Euro (EUR)
• Russian Ruble (RUB)
• British Pound (GBP)
• Chinese Yuan (CNY)
• Turkish Lira (TRY)

Where to Exchange Foreign Currency in Uzbekistan?

1. Banks (Recommended)

• Banks are the safest and most reliable place to exchange foreign currency.
• Most banks operate from Monday to Friday, 9:00 AM – 6:00 PM. Some may also be open on weekends.
• Exchange rates at banks are regulated by the Central Bank of Uzbekistan and updated daily.
• Top banks for currency exchange:
• National Bank of Uzbekistan (NBU)
• Asaka Bank
• Ipoteka Bank
• Kapital Bank
• Agrobank

2. Official Currency Exchange Offices

• Located in airports, hotels, and shopping malls.
• Operate 7 days a week, often with extended hours.
• Exchange rates are similar to banks, but may have minor service fees.

3. ATMs and Bank Cards

• ATMs in major cities dispense both Uzbekistani Som (UZS) and US Dollars (USD).
• International bank cards (Visa, Mastercard, UnionPay) are accepted at some ATMs.
• Withdrawal limits vary depending on the bank and card provider.

4. Hotels and Large Retail Stores

• Some luxury hotels and major supermarkets may offer currency exchange services for their guests.
• Exchange rates may not be as competitive as banks.

5. Black Market (Not Recommended)

• In the past, Uzbekistan had a black market for currency exchange, but this has largely disappeared due to currency liberalization in 2017.
• Always use official exchange services to avoid fraud, counterfeit notes, or legal issues.

Currency Exchange Regulations in Uzbekistan

• No Exchange Restrictions: Since 2017, Uzbekistan has removed all major restrictions on currency exchange.
• Exchange Rate Transparency: The Central Bank of Uzbekistan regulates exchange rates and publishes daily updates.
• Proof of Exchange: When exchanging foreign currency at banks or official exchange offices, you will receive a receipt.
• Bringing Foreign Currency into Uzbekistan: Unlimited amounts allowed, but declare amounts over $5,000 USD.
• Taking Foreign Currency Out: Up to $10,000 USD can be taken out without special permission.

Exchange Rate and Best Practices

Checking Exchange Rates

• The exchange rate for UZS fluctuates daily based on market conditions.
• Check via the Central Bank, exchange offices, or apps like XE, Google Finance.

Best Time to Exchange Money

• Weekdays (Monday – Friday): Most stable rates.
• Weekends & Holidays: Rates may vary; limited bank access.

Tips for Safe Currency Exchange

• Avoid street money changers.
• Keep receipts for possible re-exchange.
• Use ATMs inside banks for better security.
• Check banknotes carefully upon receipt.