UZS information
About Uzbekistan Som (UZS)
The Uzbekistan Som (UZS), introduced in 1993 following the dissolution of the Soviet Union, is more than just the national currency of Uzbekistan; it symbolizes the nation's transition to economic independence and its aspirations for future growth. It is commonly abbreviated as UZS and represented by the symbol so'm. Replacing the Soviet Ruble, the Som marked a significant step in Uzbekistan’s journey towards creating a market-oriented economy.
Historical Background
The introduction of the Uzbekistan Som was a crucial development in Uzbekistan’s post-Soviet economic transformation. It signified the country's departure from the Soviet economic system and was instrumental in laying the groundwork for an independent monetary policy. The Som's establishment coincided with Uzbekistan's broader efforts to diversify its economy and integrate into the global market.
Design and Symbolism
The design of the Uzbekistan Som reflects the country’s rich cultural heritage and history. Banknotes and coins feature images of historic figures, architectural landmarks, and symbols representing Uzbekistan’s art and culture. These designs serve not only as a medium for financial transactions but also as reminders of the nation's unique identity and pride.
Economic Role
The Som plays a central role in Uzbekistan’s economy, which includes significant sectors like cotton production, gold mining, and energy. As the primary medium of exchange, it supports these sectors, facilitating trade, investment, and the daily economic activities of Uzbek citizens.
Monetary Policy and Stability
Managed by the Central Bank of Uzbekistan, the Som has navigated through various challenges, including inflation and currency devaluation. The central bank's monetary policies focus on stabilizing the currency, controlling inflation, and fostering a conducive environment for economic growth and stability.
International Trade and the Uzbekistan Som
In international trade, the stability of the Som is crucial, particularly for Uzbekistan’s exports like cotton, gold, and natural gas. A stable Som is vital for maintaining competitive export prices and for managing the import of essential goods.
Remittances and Economic Impact
Remittances from Uzbekistanis working abroad, particularly in Russia and Kazakhstan, are a significant source of foreign income. These remittances, converted into Soms, support many families and contribute to the national economy, providing a vital cushion against economic shocks.
BAY to UZS conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | so'm124.34 | 0.0200% / 0.0320%VIP 7 |
How to buy Moon Bay
Buy BAY (or USDT) for UZS (Uzbekistan Som) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
L LEGIT_VIRUS 742 trades|Completion rate 99.00% | 13199.99 UZS | Amount6.48 USDT Limit85500 - 85500 UZS | ||
E Exchange.money.1 8 trades|Completion rate 100.00% | 13200 UZS | Amount7.75 USDT Limit100000 - 300000 UZS | ||
B BGUSER-ER83GRL8 1 trades|Completion rate 100.00% | 13200 UZS | Amount0 USDT Limit1 - 606909.54 UZS | ||
D Diamond_13 886 trades|Completion rate 99.00% | 13229 UZS | Amount963.9 USDT Limit500000 - 3250000 UZS | ||
M MILANO_77777 1515 trades|Completion rate 99.00% | 13230 UZS | Amount220.35 USDT Limit340000 - 2915000 UZS |
Sell BAY (or USDT) for UZS (Uzbekistan Som) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
M MILANO_77777 1515 trades|Completion rate 99.00% | 13140 UZS | Amount924 USDT Limit500000 - 12141000 UZS | ||
S Sultonov_P2P 964 trades|Completion rate 99.00% | 13140 UZS | Amount934.27 USDT Limit500000 - 12276307.8 UZS | ||
P Planeta_p2p. 37 trades|Completion rate 97.00% | 13139 UZS | Amount142 USDT Limit200000 - 3153000 UZS | ||
0 030_SECUND 45 trades|Completion rate 98.00% | 13136 UZS | Amount501.08 USDT Limit100000 - 7093000 UZS | ||
E Exchange.money.1 8 trades|Completion rate 100.00% | 13130 UZS | Amount120.55 USDT Limit50000 - 1554350 UZS |
What factors influence the conversion rate of Moon Bay to Uzbekistan Som?
Moon Bay to Uzbekistan Som is falling this week.Conversion tables
The exchange rate of Moon Bay is decreasing.BAY to UZS
UZS to BAY
Today vs. 24 hours ago
Amount | 19:16 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BAY | $0.004805 | $0.004866 | -0.97% |
1 BAY | $0.009609 | $0.009732 | -0.97% |
5 BAY | $0.04805 | $0.04866 | -0.97% |
10 BAY | $0.09609 | $0.09732 | -0.97% |
50 BAY | $0.4805 | $0.4866 | -0.97% |
100 BAY | $0.9609 | $0.9732 | -0.97% |
500 BAY | $4.8 | $4.87 | -0.97% |
1000 BAY | $9.61 | $9.73 | -0.97% |
Today vs. 1 month ago
Amount | 19:16 today | 1 month ago | 1M change |
---|---|---|---|
0.5 BAY | $0.004805 | $0.03132 | -80.83% |
1 BAY | $0.009609 | $0.06265 | -80.83% |
5 BAY | $0.04805 | $0.3132 | -80.83% |
10 BAY | $0.09609 | $0.6265 | -80.83% |
50 BAY | $0.4805 | $3.13 | -80.83% |
100 BAY | $0.9609 | $6.26 | -80.83% |
500 BAY | $4.8 | $31.32 | -80.83% |
1000 BAY | $9.61 | $62.65 | -80.83% |
Today vs. 1 year ago
Amount | 19:16 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 BAY | $0.004805 | $0.03747 | -83.86% |
1 BAY | $0.009609 | $0.07494 | -83.86% |
5 BAY | $0.04805 | $0.3747 | -83.86% |
10 BAY | $0.09609 | $0.7494 | -83.86% |
50 BAY | $0.4805 | $3.75 | -83.86% |
100 BAY | $0.9609 | $7.49 | -83.86% |
500 BAY | $4.8 | $37.47 | -83.86% |
1000 BAY | $9.61 | $74.94 | -83.86% |
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