National Currency of Uzbekistan

Uzbekistan National Currency

The Uzbekistani Som (UZS) is the official currency of Uzbekistan, reflecting the country’s economic independence and financial development since the dissolution of the Soviet Union. The Som plays a crucial role in Uzbekistan’s economy, facilitating trade, investment, and daily transactions across the nation. The ISO 4217 currency code is UZS.

Historical Background

Pre-Independence Era

Before gaining independence in 1991, Uzbekistan used the Soviet Ruble (SUR) as its official currency. Following the collapse of the USSR, the newly independent nation needed its own monetary system to support its economy and sovereignty.

Introduction of the Som

First Transitional Currency (1993): In November 1993, Uzbekistan introduced a temporary version of the Som to replace the Soviet Ruble. This transitional currency was issued at a rate of 1 Som = 1 Ruble and was used for a brief period.
Official Launch (1994): On July 1, 1994, the new Uzbekistani Som was officially introduced at an exchange rate of 1 Som = 1,000 transitional Soms. The Central Bank of Uzbekistan (CBU) took full control of the monetary system.

Currency Denominations

The Uzbekistani Som is issued in both banknotes and coins:

Current Banknotes in Circulation

1,000 UZS
2,000 UZS
5,000 UZS
10,000 UZS
50,000 UZS
100,000 UZS
200,000 UZS (Introduced in 2021)

Security Features of Uzbek Banknotes

Watermarks for authenticity
Holographic strips
Microprinting and UV features
Embossed elements for the visually impaired

Coins in Circulation

50 Som
100 Som
200 Som
500 Som

Currency Exchange and Usage in Uzbekistan

The Uzbekistani Som is a floating currency, influenced by market conditions and CBU policies.
Currency liberalization in 2017 allowed free exchange and improved transparency.

Where to Exchange?