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.
USDbC to UZS conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | so'm12,551.62 | 0.0200% / 0.0320%VIP 7 |
How to buy Bridged USDC
Buy USDbC (or USDT) for UZS (Uzbekistan Som) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
S SATOSHIUM 49 trades|Completion rate 94.00% | 11800 UZS | Amount54.77 USDT Limit310000 - 580000 UZS | ||
B BOBURDE-EXCHANGE 1 trades|Completion rate 100.00% | 12499.99 UZS | Amount0.1 USDT Limit1 - 1249.99 UZS | ||
E ELENA MIRONOVA 1 trades|Completion rate 100.00% | 12500.3 UZS | Amount1.84 USDT Limit1 - 23005.26 UZS | ||
M Muhammadyusuf 1 trades|Completion rate 100.00% | 12555 UZS | Amount35.91 USDT Limit450919.43 - 450919.43 UZS | ||
H Hasanova Zamirahon 119 trades|Completion rate 96.00% | 12700 UZS | Amount88.53 USDT Limit1 - 2600000 UZS |
Sell USDbC (or USDT) for UZS (Uzbekistan Som) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S SARDOR_P2P 69 trades|Completion rate 90.00% | 13100 UZS | Amount5000 USDT Limit1 - 64645000 UZS | ||
S SARDOR_P2P 69 trades|Completion rate 90.00% | 12999 UZS | Amount3000 USDT Limit1 - 3900000 UZS | ||
M Maxmudova 106 trades|Completion rate 99.00% | 12655 UZS | Amount955 USDT Limit500000 - 10000000 UZS | ||
M Me_DiT_Si_Na_010 229 trades|Completion rate 92.00% | 12650 UZS | Amount400 USDT Limit1000000 - 5060000 UZS | ||
C Cenzo_1 440 trades|Completion rate 99.00% | 12649 UZS | Amount400 USDT Limit100000 - 5059600 UZS |
What factors influence the conversion rate of Bridged USDC to Uzbekistan Som?
Bridged USDC to Uzbekistan Som is rising this week.Conversion tables
The exchange rate of Bridged USDC is decreasing.USDbC to UZS
UZS to USDbC
Today vs. 24 hours ago
Amount | 18:39 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 USDbC | $0.4997 | $0.4992 | +0.10% |
1 USDbC | $0.9995 | $0.9984 | +0.10% |
5 USDbC | $5 | $4.99 | +0.10% |
10 USDbC | $9.99 | $9.98 | +0.10% |
50 USDbC | $49.97 | $49.92 | +0.10% |
100 USDbC | $99.95 | $99.84 | +0.10% |
500 USDbC | $499.74 | $499.21 | +0.10% |
1000 USDbC | $999.47 | $998.43 | +0.10% |
Today vs. 1 month ago
Amount | 18:39 today | 1 month ago | 1M change |
---|---|---|---|
0.5 USDbC | $0.4997 | $0.5000 | -0.05% |
1 USDbC | $0.9995 | $1 | -0.05% |
5 USDbC | $5 | $5 | -0.05% |
10 USDbC | $9.99 | $10 | -0.05% |
50 USDbC | $49.97 | $50 | -0.05% |
100 USDbC | $99.95 | $100 | -0.05% |
500 USDbC | $499.74 | $500.01 | -0.05% |
1000 USDbC | $999.47 | $1,000.02 | -0.05% |
Today vs. 1 year ago
Amount | 18:39 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 USDbC | $0.4997 | $0.{4}1365 | -- |
1 USDbC | $0.9995 | $0.{4}2730 | -- |
5 USDbC | $5 | $0.0001365 | -- |
10 USDbC | $9.99 | $0.0002730 | -- |
50 USDbC | $49.97 | $0.001365 | -- |
100 USDbC | $99.95 | $0.002730 | -- |
500 USDbC | $499.74 | $0.01365 | -- |
1000 USDbC | $999.47 | $0.02730 | -- |
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