National currency of Uzbekistan

National currency of Uzbekistan
National currency of Uzbekistan
National currency of Uzbekistan

Uzbek currency. General information

The official currency of Uzbekistan is the Uzbek sum. For today it is the only circulating medium in the country.

In time of the Soviet Union, when Uzbekistan was a union republic, the Soviet ruble was in circulation on its territory. In November 15, 1993 Uzbek sum-coupons were issued to protect the domestic market from the inflationary processes of the Soviet ruble. In July 1, 1994 the Central Bank of Uzbekistan introduced the current currency unit, which is still in circulation.

Uzbek money and their denomination

In active circulation there are banknotes of 100, 200, 500, 1000 and 5 000 sums. Currently, banknotes with a face value of one hundred sums and coins are almost never met.

In July 1, 2013, the National Bank of the Republic of Uzbekistan issued a banknote worth up to 5 000 sum. In March 10, 2017, the same bank issued a new banknote with a face value of 10 000 sum.

The bonds of different value are notable for colors. The design and appearance of banknotes of Uzbekistan sums is quite special. On the obverse, however, the state emblem in the national ornamental frame is invariably represented in different variants. It is the characteristic for each next denomination of the banknote. The obverse of the Uzbek sum also shows the denomination in both digital and alphabetic formats in several places. The reverse of banknotes depicts monuments of architecture and memorable places of Uzbekistan. For example, a banknote with a face value of 1 sum depicts the Navoi Theater in Tashkent; 3 sum - an architectural ensemble that is a national cultural monument of Bukhara; 5 sum - a monument to Alisher Navoi in an architectural frame; 10 sum - the mausoleum of the Timurid dynasty, which is a national and cultural monument of the past; 25 sum - the architectural complex of antiquity "Shahi Zinda", which is a national treasure; 50 sum - an architectural ensemble and a historical cultural monument in Registan Square; 100 sum - the Palace of Friendship Peoples in Tashkent; 200 sum - a fresco fragment depicted on the facade of the Sherdor Madrasah; 500 sum - the Tashkent monument to Amir Timur; 1 000 sum - the national state museum of the Timurid dynasty; 5 000 sum - the building of the Parliament of Uzbekistan; 10 000 sum - the Senate of Uzbekistan in Tashkent.

The banknotes of sum-coupons of Uzbekistan were printed in the factories of securities in Germany; the notes of the Uzbek sum were printed at the national Mint of Uzbekistan in Tashkent.

Uzbek coins were made mainly of steel and were covered with bronze, nickel or brass. Uzbek coins were minted at St. Petersburg Mint. The coins issued in 1994 were called "tiyin" (a variable monetary unit). At present, the coins at 1, 5 and 10 sum are hardly used.

History of Uzbek money

The historical roots of the name of the Uzbek sum go back to the monetary unit that was in circulation in some Turkic peoples. Another version is that such money was valued in times of the Golden Horde: so people of the Golden Horde called silver ingots (often trough-shaped), weight of which was about 205 grams. The surviving documentary evidence says that the ingot could be melted into coins in any mint.

The notation of the concept is also interesting. The Turkic word "som" ("Uzbek sum") is translated as "pure". With regard to coins it can be translated as "pure gold".

Uzbek money and exchange offices

In most hotels there are exchange offices operating 24u00d77. You can also exchange money in most banks, as well as in exchange kiosks. As a rule, banks work from 9-00 to 16-00 hours from Monday to Friday, however in different branches the opening hours may differ. All banks do not work on public holidays, and some banks are closed for lunch breaks.

While exchanging money for Uzbek currency, ask for an official certificate on the exchange of money.

Pay attention that you ought to exchange money only in exchange offices or banks. It is illegally to exchange money in any other place, for example, in markets.

Such credit cards as Visa, Master Card and American Express are accepted in most hotels of Tashkent. In this regard, you might not have problems during your travel around Uzbekistan.

In 2015, the national currency of Uzbekistan was given the title of the most beautiful banknote among other world banknotes (on a par with dollars from Barbados, Swiss francs and Iceland's kronas).

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