Uzbekistan’s currency is the Uzbek Som (UZS), and until September 2017 there were two exchange rates – the official rate and the black market rate. Unlike in neighbouring Turkmenistan though, the black market was for a long time the commonly used rate and was widely regarded as the “real rate”. There was even a website, updated live, which followed the black market rate.
The Uzbek Som
However, during early 2017, the government made a concerted effort to bring the economy back to stability, and gradually adjusted the official rate to become closer to the black market rate, essentially admitting that the black market was in fact the real rate. Then in early September 2017 they finally met at 8,000 som = US$ 1, making it officially so.
One of the things Uzbekistan’s been famous for though is the “bricks” of cash that you end up needing to pay for everything in. For a long time the largest note was 1,000 Som, which even at the time was only worth $0.25, then there was a 5,000 Som note which at the time was worth around $0.70. Uzbekistan isn’t a desperately cheap country, so you’d be regularly having to count out dozens, if not 100’s of notes. Then in early 2017 a 10,000 Som note was produced which for the first time was worth over $1. Now there’s even a 50,000, and even plans for a 100,000 Som note. So you can still end up paying for things with pretty big wads of cash, but it’s certainly not the giant bricks that we had to carry around a couple of years ago.
You Are Invited To attend Court
Friday June 29, 2018
Written by Liam Gregg Sigmar 2.0 is on its way and that means it’s the perfect time to go back and revisit an army that never made it to the table. Flesh-Eater Courts have a great back story and more importantly the Terrorgheist! So using the Start Collecting box I built up a core force […]
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The Most Expensive Signings From Each of the Last 25 Summer Transfer Windows
Wednesday August 08, 2018
The summer transfer window is usually the highlight of every close season (ok, the World Cup was pretty good too). The summer months are each team’s main opportunity to make significant improvements to their lineup before the new season begins, with transfer fee records being broken almost every year. Here’s a look back on the…
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