Currency in Uzbekistan
-Uzbekistan’s national currency is the Uzbekistani som (UZS), which has an interesting history and several practical features that are useful for travelers
The som was introduced in 1994, replacing the Soviet ruble following Uzbekistan’s independence. For many years, low-denomination banknotes were widely used due to inflation. However, in recent years, the country has carried out significant monetary reforms and introduced higher-denomination banknotes, making cash payments much more convenient and modern.
Today, the currency is regulated by the Central Bank of Uzbekistan, and the monetary system is fully fiat-based. The word “som” historically means “pure” and is also used in other Central Asian countries.
In everyday life, cash still plays an important role. Although digital payments and bank cards are becoming increasingly common in cities such as Tashkent, many markets, taxis, and small shops still prefer cash payments in soms. ATMs are widely available in major cities, but in smaller towns and rural areas, carrying cash is still essential.
Foreign currencies, such as US dollars, are generally accepted for exchange at banks and official exchange offices. However, direct payments in US dollars are rarely used, so tourists usually exchange their money into soms. The exchange rate is relatively stable compared with previous decades, but it can fluctuate, so it is advisable to check the current rate before exchanging large amounts.
Foreign currencies, such as US dollars, are generally accepted for exchange at banks and official exchange offices. However, direct payments in US dollars are rarely used, so tourists usually exchange their money into soms. The exchange rate is relatively stable compared with previous decades, but it can fluctuate, so it is advisable to check the current rate before exchanging large amounts.
Banknote denominations range from smaller values, such as 1,000 soms, to larger denominations, such as 100,000 soms, which are often used for bigger purchases. Because of the large numbers, prices may be quoted in thousands or tens of thousands of soms — this is completely normal for the local currency system.
Overall, Uzbekistan’s currency system is easy to use, but it remains largely cash-oriented, especially outside the main tourist centers.
