What is the currency of Uzbekistan?
A. Uzbekistani Rupee (UZP)
B. Uzbekistani Dinar (UZD)
C. Uzbekistani Tenge (UZT)
D. Uzbekistani Som (UZS)
Explanation:
The currency of Uzbekistan is the Uzbekistani Som (UZS). The som is divided into 100 tiyin. It is the official currency of Uzbekistan and is widely used for everyday transactions in the country. The currency has undergone various changes throughout its history, including denomination and redesign. As of the latest update, the current denominations of Uzbekistani Som banknotes are 1000, 5000, 10,000, 50,000, and 100,000, while the coins are available in 1, 5, 10, 25, and 50 tiyin.
Uzbekistan Currency – Uzbekistani Som (UZS)
Uzbekistan, a country located in Central Asia, has its official currency known as the Uzbekistani Som (UZS). The som serves as the legal tender within Uzbekistan and is widely accepted for various transactions across the country.
The Uzbekistani Som is further divided into smaller units called tiyin. One som is equivalent to 100 tiyin. However, due to the low value of tiyin, they are no longer actively used in everyday transactions, and the som is considered the main unit of currency.
Throughout its history, the Uzbekistani Som has experienced several changes, including denomination and redesign. Currently, the banknotes in circulation in Uzbekistan come in denominations of 1000, 5000, 10,000, 50,000, and 100,000 Uzbekistani Som. These banknotes feature various elements representing Uzbekistan’s rich culture, history, and natural beauty.
In addition to banknotes, Uzbekistan also has coins denominated in tiyin. The available coin denominations are 1, 5, 10, 25, and 50 tiyin. However, due to their low value, these coins are less commonly used in day-to-day transactions.
The Uzbekistani Som plays a crucial role in the country’s economy, facilitating trade, commerce, and financial transactions. It is advisable for travelers visiting Uzbekistan to have some Uzbekistani Som with them for convenience in local transactions.
In conclusion, the Uzbekistani Som (UZS) is the official currency of Uzbekistan. It serves as a medium of exchange within the country and plays an essential role in economic activities. Understanding the currency of a foreign country is beneficial for travelers and individuals conducting business or visiting Uzbekistan for various purposes.