Countries that use the UZS
Currency Exchange Rates for Uzbekistani som? Convert GBP to UZS at today's exchange rate. See historical and money transfer restrictions for Uzbekistan.
Nickname for currency if any? There are none
Name of Central Bank Inflation Rate? 11.50%
Spelling and Capitalization: Uzbekistan Som (UZS)
Use of the Currency outside of the country. Due to the severe undervaluation of the Soʻm. Not used readily outside of the country. In fact, conversion to the USD encouraged.
Exchanging Currency in the Country: Currency exchange in the country is possible. However, is complicated by the presence of a black market. It must also be noted that finding an ATM to access funds. Would be difficult as most are in fact without cash. Hence making transactions near impossible to complete.
Converting from GBP pounds to UZS: 1 British pound equates to 5310.35 Uzbekistan Som. As such one could utilize a currency converter calculator. Or if doing it by oneself, divide the pound requiring conversion by 5310.35.
What does GBP to UZS mean? The British pound to the Uzbekistan Som refers to the multiplying of the GBP figure by 5310.35. So, Which is representative of the exchange rate?
What is the sign of the currency? »²
Is currency stable or undervalued? And what is the cause? The currency undervalued due to economic strains currently experienced in the country. There a great gap that hasn't been altered by the government. Between the official rate of the Uzbekistan Som and the rate existent on the black market. As such transactions that are to occur officially do so at an incredibly higher rate. Due to the presence of the black market, the official transactions thereby leave the country's economy in a struggling state.
Consequently, What are the main currencies in use and why? So, Uzbekistani Som is most linked to the exchange of the U.S. Dollar. Also, It advised to travellers that they travel with U.S. Dollars as modes of transaction. It is possible to exchange the GBP in Uzbekistan. However, that is a more difficult transaction to accomplish due to the presence of the black market.
Currency Information on Uzbekistani Som - UZS – Uzbekistani som –Soʻm
Hence, Coins in denominations of 1, 5, 10, 25, 50 and 100 som are in circulation. Alongside 1, 3, 5, 10, 25, 50, 100, 200, 500, 1000 and 5000 Uzbekistani Soʻm notes.
The current som introduced in 1994, replacing the first som at a ratio of 1 new Uzbekistani Soʻm. 1000 old som. The som subdivides into 100 tiyin.
“Awesome website where i found the best service for the money transfer I’ve ever used. I was kept informed at every step in the money transfer. I knew exactly what was happening, when and what I was supposed to do. The web interface is very intuitive and the whole transfer is quick. I wish all the services were like this.”
Comment written by V.B. from London.
View more testimonials...
What's the press saying about our company?
Top 5 Foreign Exchange Companies