The history of Uzbekistan is a centuries-old epic with its heroes, villains, wars and
love stories. To date, the land of this once-allied state is inhabited by benevolent people of the Muslim faith. The modern territorial state of the state was formed thanks to the Soviet power, which at one time influenced the unification of various feudal lands of one people. Thus, on the socialist map of Central Asia in 1924, the Soviet Union had another satellite. In 1991, Uzbekistan became an independent state and retained its sovereignty until today.
Currency of Uzbekistan
Like any other independent state,The Republic of Uzbekistan began to issue its own currency. The monetary unit of the republic is called "sum". It is exchanged 1 sum for 100 tiyins. Currency of Uzbekistan was introduced in 1993 in order to oust the ruble, which until then was the only means
exchange of values in the republic. The government of the country realized the importance for the state-forming process of having its own monetary system, but did not hurry to take hasty steps towards its creation. In this regard, the currency of Uzbekistan
was published two years after the proclamationsovereignty and another year ousted the ruble from the national turnover. June 16, 1994 sum was the only payment means freely circulating in the republic. Currency of Uzbekistan, exchange rate
which is enough for todaylow and unstable, has its own cipher of the international standardization organization ISO 4217 and bank code UZS. At the Forex market, it is not very popular, and international trade operations with its help are very rare. Due to weak purchasing power, the currency of Uzbekistan
actively
is being influenced by high inflation andis in the national turnover in nominal value of 10 000, 5000, 1000, 500, 200, 100, 50, 25, 10, 5, 3 and 1 sum. In practice, bills of 10,000 to 100 soums are used in the country, although the remaining units are also legal tender.
The path of an independent state
Weak purchasing power, instabilityand the complete lack of control over the process of accumulating the population's funds with the help of national contributions for the further development of the country - all this today is typical for such a monetary unit as the currency of Uzbekistan. Course to
ruble
monetary units of a sovereign state - 66.72UZS for 1 RUB. Poverty in the country forces the indigenous population to go to work in Russia and other developed countries of the modern world, to suffer difficulties and deprivation of illegal migration. Without prejudice to anything or anyone, in a completely civilized way, Uzbekistan gained independence from the Moscow protectorate, but the price that its people pay today is much to whom it may seem too large. Although Russia still (after more than 20 years of harmonious coexistence) helps the Uzbek people to support their families, giving the opportunity to earn all the same rubles.
