Uzbek money is called a sum. This currency has been used in Uzbekistan since 1993.
Short story
Initially, sum-coupons were introduced in the country as an alternative means of payment. The key goal of introducing these coupons was to stabilize the financial situation in the country and get rid of the glut of sovereign Uzbekistan in Russian rubles.
The modern Uzbek sum was introduced in 1994. It is still in circulation on the territory of the republic. Today, all banknotes introduced in the 90s are an official means of payment. The only exceptions are the 1992 coupons, which are no longer used.
Description: coins and banknotes
In the international financial market, the Uzbek currency sum is designated as UZS. She is not running in other countries. One Uzbek sum consists of one hundred tiyin. In circulation are paper banknotes, the face value of which is one, three, five, ten, twenty five, fifty, one hundred, two hundred, five hundred and one thousand sums. Also in use are metal coins of one, three, five, ten, twenty and fifty tiyin denominations. It is worth noting that paper notes and metal coins of small denomination are rarely used in reality.
The Uzbek bargaining chip is called tiyin. This name comes from the ancient Turkic word, which translates as "squirrel". The fact is that in the Middle Ages on the territory of Central Asia the squirrel skin was used as a small bargaining chip.
Coins of one to five tiyins in denomination are made of an alloy of bronze and steel, and coins of greater denomination are minted from an alloy of nickel and steel. In addition, coins in denominations of one, five and ten soums are used in Uzbekistan. There are also copies of 50 and 100 soums. Sometimes the Central Bank issues commemorative Uzbek money.
On the front side, on paper banknotes of the 1992 model, there was a picture of the state emblem of the country. On the reverse side, the religious and cultural construction of Uzbekistan is depicted - the Sherdor Madrasah, located on the Registan Square in Samarkand. In 1994, this Uzbek money was withdrawn from circulation.
Since 1994, banknotes of a new type began to be printed, on the front side of which there is a denomination, the state emblem of the republic, on which the legendary bird Humo, and above it the rising sun. Also on the front side is the name of the bank that issued the banknotes, denomination and year of printing. On the reverse side, various monuments of architecture of Uzbekistan are depicted. On each bill you can see a certain architectural heritage of the country. Here is the mausoleum of Chashma-Ayub, and the mausoleum of the Timurids, and the Palace of Independence and much more.
Uzbek money. Exchange operations: course
In Uzbekistan, it is easy to exchange Russian rubles for local currency, and often the exchange rate is much more profitable than in Russia. Therefore, Russian tourists should not worry about this. By the way, in the country, the Russian currency is much more popular than the American dollar or the euro. Exchange operations with the dollar and the euro can also be carried out without much difficulty. The Chinese currency is the yuan, which can also be exchanged at many banks and exchange offices.
Uzbek money is very cheap and unstable. This is due to serious economic problems within the country, widespread poverty and a weak geopolitical position on the world stage. The sum of the exchange rate for 2017 is approximately 0.015 Russian rubles, that is, one ruble in the Uzbek sum will cost about sixty-six. For $ 1 you will be given about 3,800 UZS.
Conclusion
Due to the too low cost of the national currency, foreign currencies are very much valued in Uzbekistan; the most popular are Russian rubles, Chinese yuan, US dollars and euros. Many Uzbeks working in Russia, Kazakhstan or China purposefully send remittances to their homeland in rubles or RMB so that the money is safe. In addition, there is a chance to make some money on the exchange rate.
Uzbekistan is an interesting, beautiful country, but due to poverty and poorly developed infrastructure, few foreign tourists come here. Many residents go to work abroad. The national currency does not inspire confidence among citizens of Uzbekistan.