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 issuing 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 proclamation of sovereignty and another year ousted the rubles from the national circulation. June 16, 1994 sum became the only payment means freely circulating in the republic. Currency of Uzbekistan, exchange rate Which today is quite low and unstable, has its own cipher of the international standardization organization ISO 4217 and bank code UZS. On 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 printed, is subject to the influence of high inflation and is in the national circulation in nominal value of 10,000, 5,000, 1,000, 500, 200, 100, 50, 25, 10, 5, 3 and 1 soum. 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, instability and 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 are all characteristic for today of such a monetary unit as the currency of Uzbekistan. Course to Ruble Monetary units of a sovereign state - 66.72 UZS 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, undergo difficulties and deprive them 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 today's people pay for it, many people may seem too big. 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.