A Brief Guide to Uzbekistan Currency - Uzbek Som

Category : Uzbekistan Currency | Sub Category : Uzbek Som Posted on 2023-09-07 21:24:53

A Brief Guide to Uzbekistan Currency - Uzbek Som
Introduction:
It is important to know the local currency when traveling to Uzbekistan. A basic understanding of the Uzbek Som will make your visit easy and hassle-free. We will give you all the information you need about the currency of the country, including its history, denominations, exchange rates, and tips for handling money while you are in the country.
The history of the Som.
The history of the Som goes back to the Medieval times. It was a unit of currency during the reign of Tamerlane. The Soviet Union introduced the Soviet Som in 1924, which was the last time various currencies were used in the region. The official currency of the country was a new version of the Som.
Coins and denominations.
The Uzbek Som is divided into 100 pieces, but it is rarely used in everyday transactions. The currency is in the form of a single piece of paper.
Exchange rates
It is important to check the current exchange rates before you travel to the Som. The currency can be exchanged at authorized banks. It is advisable to carry your money in US dollars or euros, as they are widely accepted for exchange throughout the country. The currency exchange market has been liberalized in recent years, making it easier for tourists to convert their money.
Money Handling in Uzbekistan: tips
1 It is always a good idea to carry small bills to pay for things like groceries or tipping.
2 It is advisable to carry enough cash for daily expenses, as smaller businesses prefer cash, while some hotels, restaurants, and larger establishments accept credit cards.
3 It is important to be cautious of counterfeit bills, as they can be fake. To avoid counterfeit currency, be familiar with the design of the Som notes.
4 Exchange money at authorized places to avoid getting counterfeit currency or being scammed.
Conclusion
Understanding the currency of the country is important for a smooth and enjoyable visit. By knowing the history, denominations, exchange rates, and tips for handling money, you will be well-prepared to navigate the financial aspects of your trip. To ensure that you have a hassle-free experience while visiting the beautiful sights and experiencing the rich culture of Uzbekistan, you should research the latest exchange rates and find reliable exchange places.