Uzbekistani som

For earlier currencies used in Uzbekistan, see Bukharan tenga, Kokand tenga and Khwarazmi tenga.

Uzbekistani som
Oʻzbekiston soʻmi / Ўзбекистон сўми (Uzbek)
25 som.
ISO 4217
Code	UZS
Denominations
Subunit
1/100	Tiyin
Plural	so'm
Tiyin	Tiyin
Banknotes	1, 3, 5, 10, 25, 50, 100, 200, 500, 1000, 5000 so'm
Coins	1, 5, 10, 25, 50, 100 so'm
Demographics
User(s)	Uzbekistan
Issuance
Central bank	Central Bank of the Republic of Uzbekistan
Website	www.cbu.uz
Valuation
Inflation	8.5%
Source	, 2015 est.

The som (Uzbek: soʻm in Latin script, сўм in Cyrillic script) is the currency of Uzbekistan in Central Asia. The ISO 4217 currency code is UZS.

Etymology

In the Soviet Union, speakers of Kazakh, Kyrgyz and Uzbek called the ruble the som, and this name appeared written on the back of banknotes, among the texts for the value of the bill in all 15 official languages of the Union. The word som (sometimes transliterated "sum" or "soum") means "pure" in Kyrgyz, Uyghur and Uzbek, as well as in many other Turkic languages. The word implies "pure gold".

History

First som

Like other republics of the former Soviet Union, Uzbekistan continued using Soviet/Russian ruble after independence. On July 26, 1993, a new series of Russian ruble was issued and old Soviet/Russian ruble ceased to be legal tender in Russia.^[1]^[2] Some successor states had their national currencies before the change, some chose to continue using the pre-1993 Soviet/Russian ruble, and some chose to use both the pre-1993 and the new Russian ruble. Tables of modern monetary history: Asia^[3] implies that both old and new rubles were used in Uzbekistan.

Uzbekistan replaced the ruble with som at par in on November 15, 1993.^[3] No subdivisions of this som were issued and only banknotes were produced, in denominations of 1, 3, 5, 10, 25, 50, 100, 200, 500, 1000, 5000, and 10,000 so'm. Because it was meant to be a transitional currency, the design was rather simplistic. All notes had the Coat of arms on obverse, and Sher-Dor Madrasah of the Registan in Samarkand on reverse.^[4]

Second som

A 500 So'm note issued in 1999.

On July 1, 1994,^[3] a second som was introduced at a rate of 1 new so'm = 1000 old so'm. This so'm is subdivided into 100 tiyin. At its introduction, 1 U.S. dollar was equal to 25 so'm.

Inflation

As of January 2016, the largest denomination of Uzbek currency, the 5000 som bill, is worth approximately U.S. $1.78, requiring Uzbeks to carry enormous numbers of bills just to carry out grocery shopping and bill payment. Consequently, the smallest denomination, the 1 tiyin, is only worth 1/2790 cent U.S. making it the "world's most worthless coin". However, coins and banknotes smaller than 25 som are rare now.^[5]

The rampant inflation situation is considered a politically sensitive issue in Uzbekistan, which is why the Uzbek government is slow to acclimate the currency to the current value by issuing higher coin and note denominations. As a result, the current highest coin denomination in circulation is the 100 som while the highest banknote denomination is the 5000 som. Official state figures put inflation as of the first half of 2011 at 3.6%, however accurate numbers are pinned far higher. Coins and banknotes below 25 so'm are practically worthless now.

Coins

2 series of coins have been issued for the second so'm. They can be easily distinguished by the script used for the Uzbek language. The first series was written in Cyrillic script, while the second series is written in Latin script.

First Series
Image		Value	Composition	Description		Date of minting
Obverse	Reverse	Value	Composition	Obverse	Reverse	Date of minting
		1 tiyin	Brass clad steel	Coat of arms with 12 stars State title	Value, year of minting	1994
		3 tiyin
		5 tiyin
		10 tiyin	Nickel clad steel	Coat of arms with 12 stars State title	Value, year of minting	1994
		20 tiyin
		50 tiyin
		1 so'm				1997, 1998, 1999
		5 so'm				1997, 1998, 1999
		10 so'm				1997, 1998, 1999, 2000
For table standards, see the coin specification table.

Second Series
Image	Value	Technical parameters			Description			Date of minting
Image	Value	Diameter	Mass	Composition	Edge	Obverse	Reverse	Date of minting
	1 so'm	18.4 mm	2.83 g	Stainless steel	Reeded	Coat of arms without stars Bank title, year of minting	Value, map of Uzbekistan	2000
	5 so'm	21.2 mm	3.35 g	Brass clad steel	Plain	Coat of arms without stars Bank title, year of minting	Value, map of Uzbekistan	2001
	10 so'm	19.75 mm	2.71 g	Nickel clad steel	Plain	Coat of arms without stars Bank title, year of minting	Value, map of Uzbekistan	2001
	25 so'm	27 mm				Coat of arms without stars State title, year of minting	Value, Jalal ad-Din Mingburnu	1999
	50 so'm	26.1 mm	8 g		Plain and reeded sections	Coat of arms without stars Bank title, year of minting	Value, map of Uzbekistan	2001¹
	50 so'm	26.1 mm	7.9 g		Plain and reeded sections	Coat of arms without stars Bank title, year of minting	Value, statue and ruin of Shahrisabz	2002²
	100 so'm	26.9 mm	7.9 g		Inscription	Coat of arms without stars Bank title, year of minting	Value, map of Uzbekistan, sunrays	2004³
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

Banknotes

The first banknotes were issued by the State Bank of Uzbekistan in 1993. All of the denominations share the same designs: the Coat of arms of Uzbekistan on the front and the Medressa on Reghistan Square in Samarkand. The second and current series, issued by the Central Bank of the Republic of Uzberkistan, were released in 1994 in denominations of 1, 3, 5, 10, 25, 50 and 100 so'm. A 200 so'm banknote was issued in 1997, the 500 so'm in 1999, the 1000 so'm in 2001 and the 5000 so'm banknote was issued on July 1, 2013.

1994-2013 Series^[6]
Image		Value	Main Colour	Description		Date of printing
Obverse	Reverse	Value	Main Colour	Obverse	Reverse	Date of printing
		1 so'm	Green and pink	Coat of arms	Alisher Navoi Opera and Ballet Theater in Tashkent	1994
		3 so'm	Red	Coat of arms	Mosque of Çaçma Ayub Mazar in Bukhara
		5 so'm	Blue and orange	Coat of arms and Islamic pattern	Ali Shir Nawai Monument in Tashkent
		10 so'm	Purple		Gur-e Amir in Samarkand
		25 so'm	Blue and pink		The Mausoleum of Kazi Zade Rumi in the Shah-i-Zinda complex in Samarkand
		50 so'm	Brown		The three Madrasahs of the Registan in Samarkand
		100 so'm	Purple		Bunyodkor Palace in Tashkent
		200 so'm	Green	Coat of arms	Detail of a tiger mosaiс on the Sher-Dor Madrasah at the Registan in Samarkand	1997
		500 so'm	Red and some green		Statue of Timur in Tashkent	1999
		1000 so'm	Grey		Amir Timur Museum in Tashkent	2001
		5000 so'm	Green		National Assembly (Oliy Majlis) in Tashkent	2013
For table standards, see the banknote specification table.

Current UZS exchange rates
From Google Finance:	AUD CAD CHF EUR GBP HKD JPY USD RUB CNY
From Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD RUB CNY
From XE:	AUD CAD CHF EUR GBP HKD JPY USD RUB CNY
From OANDA:	AUD CAD CHF EUR GBP HKD JPY USD RUB CNY
From fxtop.com:	AUD CAD CHF EUR GBP HKD JPY USD RUB CNY

Notes

↑ The Global History of Currencies - Russia
↑ U.S. Department of State (February 1994). "Uzbekistan Economic Policy and Trade Practices". Archived from the original on 2010-07-10. Retrieved 19 September 2015.
1 2 3 Schuler, Kurt. "Tables of Modern Monetary History: Asia".
↑ Linzmayer, Owen (2012). "Uzbekistan". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
↑ http://www.bbc.co.uk/news/magazine-21572359
↑ banknotes

References

Krause, Chester L.; Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901–Present. Colin R. Bruce II (senior editor) (31st ed.). Krause Publications. ISBN 0873495934.
Cuhaj, George S. (editor) (2005). Standard Catalog of World Paper Money: Modern Issues 1961-Date (11th ed.). Krause Publications. ISBN 0-89689-160-7.

External links

Old som
Preceded by: Soviet/Russian ruble Reason: independence Ratio: at par	Currency of Uzbekistan November 15, 1993 – July 1, 1994	Succeeded by: New som Reason: inflation and depreciation of the "transitional" currency Ratio: 1 new som = 1000 old som

New som
Preceded by: Old som Reason: inflation and depreciation of the "transitional" currency Ratio: 1 new som = 1000 old som	Currency of Uzbekistan July 1, 1994 –	Succeeded by: Current

Currencies of Asia

Central	Kazakhstani tenge Kyrgyzstani som Tajikistani somoni Turkmenistan manat Uzbekistani som

East	Chinese yuan Hong Kong dollar Japanese yen North Korean won South Korean won Macanese pataca Mongolian tögrög New Taiwan dollar

North	Russian ruble

South	Afghan afghani Bangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee U.S. dollar British Indian Ocean Territory

Southeast	Brunei dollar Burmese kyat Cambodian riel East Timorese centavo Indonesian rupiah Lao kip Malaysian ringgit Philippine peso Singapore dollar Thai baht U.S. dollar East Timor Vietnamese đồng

West	Abkhazian apsar unrecognized Armenian dram Azerbaijani manat Bahraini dinar Egyptian pound Gaza Strip Euro Cyprus Georgian lari Iranian rial Iraqi dinar Israeli new shekel Jordanian dinar Kuwaiti dinar Lebanese pound Nagorno-Karabakh dram unrecognized Omani rial Russian ruble Abkhazia South Ossetia Qatari riyal Saudi riyal Syrian pound Turkish lira UAE dirham Yemeni rial

Currencies of post-Soviet states

In circulation	Abkhazian apsar (unrecognized) Armenian dram Azerbaijani manat New Belarusian ruble Euro (Estonia, Latvia and Lithuania) Georgian lari Kazakhstani tenge Kyrgyzstani som Moldovan leu Nagorno-Karabakh dram (unrecognized) Russian ruble (Russia and Abkhazia (unrecognized) and South Ossetia (unrecognized)) Tajikistani somoni Transnistrian ruble (unrecognized) Turkmenistan manat Ukrainian hryvnia Uzbekistani som

Obsolete	Belarusian ruble (redenominated-completely obsolete after 1/2017) Chechen naxar (unrecognized) Estonian kroon Georgian kupon lari Latvian rublis Latvian lats Lithuanian litas Lithuanian talonas Moldovan cupon Soviet ruble Tajikistani ruble Ukrainian karbovanets

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