Currency Exchange Rates for Uzbekistani som? Convert GBP to UZS at todays 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 Som it is not used readily outside of the country. In fact, conversion to the USD is 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 convertor 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 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 is undervalued due to economic strains currently being experienced in the country. There is a great gap that hasnâ€™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 countryâ€™s economy in a struggling state.
What are the main currencies in use and why? Uzbekistani Som is most linked to the exchange of the U.S. Dollar. It is 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 – so’m
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 som notes.
The current som was introduced in 1994, replacing the first som at a ratio of 1 new som : 1000 old som. The som subdivides into 100 tiyin.
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