Currency of Uzbekistan
Uzbek sum
O?zbek so?mi
,
?збек с?ми
(
Uzbek
)
|
---|
200,000 sum banknote (2022)
|
|
Code
| UZS (numeric:
860
)
|
---|
Subunit
| 0.01
|
---|
Plural
| The language(s) of this currency do(es) not have a morphological plural distinction.
|
---|
|
Subunit
| |
---|
1
⁄
100
| Tiyin
|
---|
Banknotes
| |
---|
Freq. used
| 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000 sum
|
---|
Coins
| |
---|
Freq. used
| 50, 100, 200, 500, 1,000 sum
|
---|
|
Date of introduction
| 16 July 1994
|
---|
User(s)
| Uzbekistan
|
---|
|
Central bank
| Central Bank of the Republic of Uzbekistan (
O?zbekiston Respublikasi Markaziy Banki
)
|
---|
Website
| www.cbu.uz
|
---|
|
Inflation
| 8.8%
|
---|
Source
| [1]
, November 2023
|
---|
The
sum
(
Uzbek
:
so?m
,
с?м
[som]
;
ISO code
:
UZS
) is the official currency of
Uzbekistan
. Uzbekistan replaced the ruble with the sum at par in on 16 July 1994. No subdivisions of this sum were issued and only banknotes were produced, in denominations of 1, 3, 5, 10, 25, 50, 100, 200, 500, 1,000, 5,000, and 10,000 sum. Because it was meant to be a transitional currency, the design was rather simplistic.
Etymology
[
edit
]
The official name of the
Soviet currency
in
Kazakh
,
Kyrgyz
,
Tajik
, and
Uzbek
was
som
, and this name appeared written on the back of banknotes, among the texts for the value of the note in all 15 official languages of the USSR. The word
sum
(alternatively transliterated "som" or "soum") means "pure" in
Kazakh
,
Kyrgyz
,
Uyghur
and
Uzbek
, as well as in many other
Turkic languages
. The word implies "pure"
silver
or
gold
.
First sum
[
edit
]
History
[
edit
]
Like other republics of the former
Soviet Union
, Uzbekistan continued using the
Soviet
/
Russian ruble
after independence. On 26 July 1993, a new series of
Russian ruble
was issued and the 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 the sum at par in on 15 November 1993.
[3]
No subdivisions of this sum were issued and only banknotes were produced, in denominations of 1, 3, 5, 10, 25, 50, 100, 200, 500, 1,000, 5,000, and 10,000 sum. Because it was meant to be a transitional currency, the design was rather simplistic. All notes had the
Coat of arms
on the obverse, and Sher-Dor Madrasah of the
Registan
in Samarkand on the reverse.
Coins
[
edit
]
No coins were issued for the first sum.
Banknotes
[
edit
]
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 madrasahs on
Registan
Square in Samarkand.
Image
|
Value
|
Size
|
Obverse
|
Reverse
|
|
|
1 sum
|
120×61
|
|
|
3 sum
|
|
|
5 sum
|
|
|
10 sum
|
|
|
25 sum
|
|
|
50 sum
|
144×69
|
|
|
100 sum
|
|
|
200 sum
|
|
|
500 sum
|
|
|
1,000 sum
|
|
|
5,000 sum
|
|
|
10,000 sum
|
Second sum
[
edit
]
History
[
edit
]
On 1 July 1994,
[3]
a second sum was introduced at a rate of 1 new sum = 1,000 old sum. This sum is subdivided into 100
tiyin
.
Inflation
[
edit
]
Until 2013, the largest denomination of Uzbek currency was the 1,000 sum banknote, then worth US$0.60, requiring Uzbeks to carry large bundles of notes for routine transactions.
Since 2019, the largest denomination is the 100,000 sum banknote (as of October 2019 worth US$10.55), which made the situation easier. The smallest denomination, the
1 tiyin
, is worth less than
1
⁄
9400
of a US cent making it the "world's most worthless coin" that was still legal tender until 1 March 2020. However, coins and banknotes smaller than 50 sum are rare now.
[4]
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 its current value by issuing higher coin and note denominations. As a result, the current highest coin denomination in circulation is the 500 sum while the highest banknote denomination is the 200,000 sum. 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 50 sum are practically worthless now.
Coins
[
edit
]
Three series of coins have been issued for the second sum. They can be easily distinguished by the script used for the
Uzbek language
. The first series was written in
Cyrillic script
, while the second and third series is written in
Latin script
.
First series (1994?2000)
[
edit
]
First series coins (1994?2000)
Image
|
Value
|
Technical parameters
|
Description
|
Date of
|
Diameter
|
Mass
|
Composition
|
Edge
|
Obverse
|
Reverse
|
minting
|
issue
|
withdrawal
|
lapse
|
|
1 tiyin
|
16,9 mm
|
1,75 g
|
Brass
-clad
steel
|
Smooth
|
Coat of arms
with 12 stars
State title
|
Value, year of minting
|
1994
|
July 1994
|
1 March 2020
[5]
|
1 January 2021
[5]
|
|
3 tiyin
|
19,9 mm
|
2,7 g
|
Reeded
|
|
5 tiyin
|
17 mm
|
1,8 g
|
|
10 tiyin
|
18,7 mm
|
2,85 g
|
Nickel
-clad
steel
|
|
20 tiyin
|
22 mm
|
4 g
|
Inscription: “ЙИГИРМА ТИЙИН ЙИГИРМА ТИЙИН”
|
|
50 tiyin
|
23,9 mm
|
4,8 g
|
Inscription: “ЭЛЛИК ТИЙИН * ЭЛЛИК ТИЙИН * ЭЛЛИК ТИЙИН”
|
|
1 sum
|
19,8 mm
|
2,72 g
|
Smooth
|
1997, 1998, 1999
|
1997
|
|
5 sum
|
22,2 mm
|
4 g
|
|
10 sum
|
24 mm
|
4,7 g
|
1997, 1998, 1999, 2000
|
These images are to scale at 2.5 pixels per millimetre. For table standards, see the
coin specification table
.
|
Second series (2000?2004)
[
edit
]
Second Series
|
Image
|
Value
|
Technical parameters
|
Description
|
Date of minting
|
Withdrawal
|
Diameter
|
Mass
|
Composition
|
Edge
|
Obverse
|
Reverse
|
|
1 sum
|
18.4 mm
|
2.83 g
|
Stainless steel
|
Reeded
|
Coat of arms
without stars
Bank title, year of minting
|
Value, map of Uzbekistan
|
2000
|
1 March 2020
[5]
|
|
5 sum
|
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
|
1 March 2020
[5]
|
|
10 sum
|
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
|
1 March 2020
[5]
|
|
|
50 sum
|
26.1 mm
|
8 g
|
Plain and reeded sections
|
Coat of arms
without stars
Bank title, year of minting
|
Value, map of Uzbekistan
|
2001
|
1 July 2019
[6]
|
|
50 sum
|
26.1 mm
|
7.9 g
|
Value, statue and ruin of
Shahrisabz
|
2002
|
1 July 2019
[6]
|
|
|
100 sum
|
26.9 mm
|
7.9 g
|
Nickel-plated steel
|
Inscription
|
Coat of arms
without stars
Bank title, year of minting
|
Value, map of Uzbekistan, sunrays
|
2004
|
1 July 2019
[6]
|
These images are to scale at 2.5 pixels per millimetre. For table standards, see the
coin specification table
.
|
Third series (2018?2022)
[
edit
]
In May 2018 the introduction of new coins valued 50, 100, 200 and 500 sum was announced. All previously issued banknotes and coins of those denominations are to be withdrawn from circulation by 1 July 2020. In 2022, the Central Bank of the Republic of Uzbekistan introduced a 1,000 sum coin into circulation, notable as it is the first bi-metallic coin issued for circulation since the introduction of the Uzbek sum in 1994.
Third series (2018)
[7]
|
Image
|
Value
|
Technical parameters
|
Description
|
Date of
|
Diameter
|
Mass
|
Composition
|
Edge
|
Obverse
|
Reverse
|
minting
|
issue
|
withdrawal
|
lapse
|
|
50 sum
|
18.0 mm
|
2.0g
|
Nickel
-plated steel
|
Plain
|
Denomination
|
National emblem of Uzbekistan
, year of minting
|
2018
|
2 July 2018
[5]
|
Current
|
|
100 sum
|
20.0 mm
|
2.5 g
|
Independence and Goodness monument,
Tashkent
|
|
200 sum
|
22.0 mm
|
3.3 g
|
Detail of a tiger mosaiс on the Sher-Dor Madrasah at the Registan in
Samarkand
|
|
500 sum
|
24.0 mm
|
3.9 g
|
Palace of Conventions (
Anjumanlar Saroyi
) in
Tashkent
|
These images are to scale at 2.5 pixels per millimetre. For table standards, see the
coin specification table
.
|
Third series (2022)
[8]
|
Image
|
Value
|
Technical parameters
|
Description
|
Date of
|
Diameter
|
Mass
|
Composition
|
Edge
|
Obverse
|
Reverse
|
minting
|
issue
|
withdrawal
|
lapse
|
|
1,000 sum
|
26.27 mm
|
7.3 g
|
Brass
-plated
copper
center in a
nickel
ring
|
Plain
|
Center of Islamic Civilization (
Islom Sivilzatsiyasi Markazi
) in
Tashkent
|
National emblem of Uzbekistan
, year of minting
|
2022
|
|
|
Current
|
These images are to scale at 2.5 pixels per millimetre. For table standards, see the
coin specification table
.
|
Banknotes
[
edit
]
The second and current series, issued by the Central Bank of the Republic of Uzbekistan, was released in 1994 in denominations of 1, 3, 5, 10, 25, 50, and 100 sum. A 200 sum banknote was issued in 1997, the 500 sum in 1999, the 1,000 sum in 2001, the 5,000 sum in 2013, the 10,000 sum on 10 March 2017, the 50,000 sum on 22 August 2017 and the 100,000 sum on 25 February 2019. The latter four denominations feature inscriptions in
Latin-based Uzbek
as opposed to
Uzbek Cyrillic
in banknotes of 1 to 1,000 Uzbek sum. On 14 June 2021, the
Central Bank of the Republic of Uzbekistan
issued the 2,000 and 20,000 sum banknotes to help bridge the gap between 1,000 and 5,000 sum as well as 10,000 and 50,000 sum. On 18 June 2021, the Central Bank of the Republic of Uzbekistan issued new 5,000 and 10,000 sum banknotes, utilizing the design templates of the 2,000 and 20,000 sum banknotes. In that same year, the Central Bank of the Republic of Uzbekistan issued new 50,000 and 100,000 sum banknotes as part of a new series of banknotes first introduced with the 2,000 and 20,000 sum banknotes. An entirely new 200,000 sum banknote was issued on 15 July 2022.
2021?2022 series
Image
|
Value
|
Dimensions
|
Main colour
|
Description
|
Date of
|
Ref.
|
Obverse
|
Reverse
|
Obverse
|
Reverse
|
Watermark
|
printing
|
issue
|
|
|
2,000 sum
|
142 × 69 mm
|
|
Red
|
Bukhara Arch, caravan routes on map of Uzbekistan, Honatlas textile patterns,
National emblem of Uzbekistan
|
Varahsha ruins of the ancient caravan route Poykend, clay pot and artifact, camel
|
Camel and "2000"
|
2021
|
14 June 2021
|
[14]
|
|
|
5,000 sum
|
142 × 69 mm
|
|
Green
|
Sherdor madrasasi in Samarkand,
National emblem of Uzbekistan
|
Archaeological Monuments of Afrosiyob belonging to the 8th-5th centuries BC, Archeological find of a 10th-century pottery jug and an embossed ceramic bowl found in the ruins of Afrosiyob
|
Camel and "5000"
|
2021
|
20 August 2021
|
[15]
|
|
|
10,000 sum
|
147 × 69 mm
|
|
Blue
|
Great Silk Road, Architectural monument Kokaldosh madrasasi in Tashkent,
National emblem of Uzbekistan
|
Oldest monument in the territory of Tashkent, which dates back to the 1st century BC - Shoshtepa archaeological monument, Ancient ceramics of Tashkent, pottery of 10th-12th century, and household utensils of the 10th century
|
Camel and "10000"
|
2021
|
20 August 2021
|
[16]
|
|
|
20,000 sum
|
147 × 69 mm
|
|
Indigo
|
Jonbox-qal’a archeology monument, caravan routes on map of Uzbekistan, textile patterns,
National emblem of Uzbekistan
|
6th-century pottery from Aral and Caspian Seas, embroidery design
|
Camel and "20000"
|
2021
|
14 June 2021
|
[17]
|
|
|
50,000 sum
|
147 × 69 mm
|
|
Purple
|
Al-Hakim At-Termiziy Maqbarasi in Surxondaryo, caravan routes on map of Uzbekistan,
National emblem of Uzbekistan
|
Fayoztepa Arxeologiya Yodgorligi ancient archaeological monument in Surxondaryo, flying dove, 17th-century pottery from Sopollitepa
|
Camel and "50000"
|
2021
|
22 December 2021
|
[18]
|
|
|
100,000 sum
|
152 × 69 mm
|
|
Orange
|
Ichan Qal’a museum in Khiva, Khorezm, caravan routes on map of Uzbekistan,
National emblem of Uzbekistan
|
Angkaqal’a Archeologiya Yodgorligi fortress in Khorezm, 1st-century BC silver coin, 10th-century pottery from Khorezm
|
Camel and "100000"
|
2021
|
22 December 2021
|
[19]
|
|
|
200,000 sum
|
152 × 69 mm
|
|
Cyan
|
Xudoyorxon O’rdasi (Khan’s Palace) in Kokand, Fergana, caravan routes on map of Uzbekistan,
National emblem of Uzbekistan
|
Axsikent Arxeologiya Yodgorligi (ancient archaeoloical monument) in ancient Fergana, pomegranate, double-headed snake and ceramic bowl
|
Camel and "200000"
|
2022
|
15 July 2022
|
[20]
|
These images are to scale at 0.7 pixel per millimetre. For table standards, see the
banknote specification table
.
|
Exchange rates
[
edit
]
At its introduction on 1 July 1994, 1 US dollar was equal to 25 sum.
2017 reform
[
edit
]
On 2 September 2017,
President of Uzbekistan
Shavkat Mirziyoyev
issued a
decree
"
On priority measures of liberalizing foreign exchange policy
".
[21]
The reform took effect on 5 September 2017. The currency was untethered from its
US dollar
peg
and started to
float
. As a result the sum's exchange rate to the US dollar increased from 4,210 Uzbek sum to 8,100 Uzbek sum. The new rate was even weaker than the sum's
black-market
convertibility of about 7,700 to the dollar. Restrictions on the amount of foreign currencies individuals and companies could buy were also abolished on the same day.
[22]
See also
[
edit
]
Notes
[
edit
]
References
[
edit
]
External links
[
edit
]
Currencies of Asia
|
---|
Central
| |
---|
East
| |
---|
North
| |
---|
South
| |
---|
Southeast
| |
---|
West
| |
---|
|
---|
Current
| |
---|
Obsolete
| |
---|
* Unrecognized
|