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BAN
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KGS
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About Kyrgystani Som (KGS)

The Kyrgyzstani Som, introduced in 1993, is more than just the official currency of Kyrgyzstan; it represents a crucial aspect of the nation's post-Soviet economic and cultural identity. It is commonly abbreviated as KGS and represented by the symbol с. The Som's introduction was a significant step in establishing Kyrgyzstan's monetary independence following the dissolution of the Soviet Union.

Historical Background

The introduction of the Kyrgyzstani Som in May 1993 was a critical event in the nation's history, marking its transition from the Soviet ruble and signifying newfound economic sovereignty. This change was not merely monetary; it symbolized the birth of a new national identity and the start of an independent economic journey.

Design and Symbolism

The design of the Kyrgyzstani Som is a rich tapestry of the country's heritage and aspirations. Banknotes and coins feature prominent historical figures, landmarks, and symbols that reflect Kyrgyzstan’s rich history, culture, and natural landscapes. These designs are a source of national pride and a tool for educating citizens and visitors about the country's legacy.

Economic Role

As Kyrgyzstan's primary medium of exchange, the Som is central to its economy. The country, characterized by its mountainous terrain, has a mixed economic system with key sectors including agriculture, mining, and a growing service sector. The Som facilitates domestic and international transactions, playing a vital role in the nation's economic activities and stability.

Monetary Policy and Inflation

Managed by the National Bank of Kyrgyzstan, the Som has faced challenges such as inflation and fluctuating exchange rates. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster conditions conducive to economic growth and stability.

International Trade and the Kyrgyzstani Som

The Som’s exchange rate plays a significant role in international trade, particularly in dealings with its major trading partners, including Russia and China. A stable and competitive exchange rate is crucial for maintaining healthy trade relationships and attracting foreign investment.

Remittances and Economic Impact

Remittances from Kyrgyz citizens working abroad, especially in Russia and Kazakhstan, are a significant source of foreign income. These funds, converted into Soms, support many households and contribute to the national economy.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
с0.1814
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$3.48M
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$10.89K
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1.59B BAN

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0.5 BAN
с0.09384
1 BAN
с0.1877
5 BAN
с0.9384
10 BAN
с1.88
50 BAN
с9.38
100 BAN
с18.77
500 BAN
с93.84
1000 BAN
с187.69

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0.5KGS2.66  BAN
1KGS5.33  BAN
5KGS26.64  BAN
10KGS53.28  BAN
50KGS266.4  BAN
100KGS532.8  BAN
500KGS2,664  BAN
1000KGS5,328  BAN

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0.5 BAN$0.001094$0.001144
-4.50%
1 BAN$0.002188$0.002288
-4.50%
5 BAN$0.01094$0.01144
-4.50%
10 BAN$0.02188$0.02288
-4.50%
50 BAN$0.1094$0.1144
-4.50%
100 BAN$0.2188$0.2288
-4.50%
500 BAN$1.09$1.14
-4.50%
1000 BAN$2.19$2.29
-4.50%

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0.5 BAN$0.001094$0.001463
-25.62%
1 BAN$0.002188$0.002925
-25.62%
5 BAN$0.01094$0.01463
-25.62%
10 BAN$0.02188$0.02925
-25.62%
50 BAN$0.1094$0.1463
-25.62%
100 BAN$0.2188$0.2925
-25.62%
500 BAN$1.09$1.46
-25.62%
1000 BAN$2.19$2.93
-25.62%

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0.5 BAN$0.001094$0.001978
-45.22%
1 BAN$0.002188$0.003956
-45.22%
5 BAN$0.01094$0.01978
-45.22%
10 BAN$0.02188$0.03956
-45.22%
50 BAN$0.1094$0.1978
-45.22%
100 BAN$0.2188$0.3956
-45.22%
500 BAN$1.09$1.98
-45.22%
1000 BAN$2.19$3.96
-45.22%

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