Today the question is “what currency is in Uzbekistan?” entrepreneurial members
modern society is quite relevant. Since the country, after a certain and rather successful period of consolidation of its own nation and simply peaceful existence in a socialist camp, has been floating in democratic chaos for almost twenty years now for more than twenty years. Which, in turn, made it possible for a large number of foreign companies to help the Uzbek people to launch a full-scale process of mining of minerals and energy resources. However, high paid jobs in Uzbekistan are still not enough, which does not contribute to labor migration. The tourism business in the country has not been operating since the distant Soviet times. The local education system also does not attract students to move to Uzbekistan. The currency of the republic with the beautiful oriental name "Sum" rarely sees the hands of foreigners who arrived in the country without the intention to increase their capital due to the rich Uzbek land.
The national currency of Uzbekistan
Like most independent countries in the modern world, Uzbekistan emits
own monetary unit sum. It is an exchangeable means of exchanging values and is divided into 100 tiyins. Due to poor
purchasing power, tiyins have not been used for a long time. In practice, banknotes with a face value of 100 to 5,000 units go in the country. Although the bags are not expensive on the international market, they can be printed when the independent government of the Republic of Uzbekistan wishes it. Currency,
of course, it will be subject to elementary economic laws, constantly depreciating, losing the level of trust among its own population. But you won’t go to get rid of someone’s protectorate. Also, the monetary units of this freedom-loving nation have a special bank code UZS for carrying out various kinds of financial transactions and an ISO 4217 code of the international standardization organization. The Central Bank of the Republic of Uzbekistan is the emission center for the production of sums and inactive tiyines. Currency, in turn,
It is produced with a theoretical face value of 1, 3, 5, 10, 25, 50, 100, 200, 500, 1000 and 5000 sum. At the same time, 1 sum is equal to 71 rubles.
Good neighborly relations
The economic situation of the republic, along with increased unemployment and
high
potential of the country's
labor resources allows international corporations to place their own production lines in it, thus reducing the cost of production. In addition, the Uzbeks also have to look for work in other more
developed countries to achieve a more acceptable financial situation
. Today, Russia is one of the main exporters of labor resources from the Republic of Uzbekistan. Currency
In this regard, the Russian Federation also has a fairly high level of popularity in the country, thus occupying an honorable third place, after the sum and the US dollar.