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.
MEDIA to UZS conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | so'm14.44 | 0.0200% / 0.0320%VIP 7 |
How to buy Solmedia
Buy MEDIA (or USDT) for UZS (Uzbekistan Som) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell MEDIA (or USDT) for UZS (Uzbekistan Som) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Solmedia to Uzbekistan Som?
Solmedia to Uzbekistan Som is falling this week.Conversion tables
The exchange rate of Solmedia is decreasing.MEDIA to UZS
UZS to MEDIA
Today vs. 24 hours ago
Amount | 13:39 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MEDIA | $0.0005568 | $0.0006039 | -7.79% |
1 MEDIA | $0.001114 | $0.001208 | -7.79% |
5 MEDIA | $0.005568 | $0.006039 | -7.79% |
10 MEDIA | $0.01114 | $0.01208 | -7.79% |
50 MEDIA | $0.05568 | $0.06039 | -7.79% |
100 MEDIA | $0.1114 | $0.1208 | -7.79% |
500 MEDIA | $0.5568 | $0.6039 | -7.79% |
1000 MEDIA | $1.11 | $1.21 | -7.79% |
Today vs. 1 month ago
Amount | 13:39 today | 1 month ago | 1M change |
---|---|---|---|
0.5 MEDIA | $0.0005568 | $0.0005576 | -0.14% |
1 MEDIA | $0.001114 | $0.001115 | -0.14% |
5 MEDIA | $0.005568 | $0.005576 | -0.14% |
10 MEDIA | $0.01114 | $0.01115 | -0.14% |
50 MEDIA | $0.05568 | $0.05576 | -0.14% |
100 MEDIA | $0.1114 | $0.1115 | -0.14% |
500 MEDIA | $0.5568 | $0.5576 | -0.14% |
1000 MEDIA | $1.11 | $1.12 | -0.14% |
Today vs. 1 year ago
Amount | 13:39 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MEDIA | $0.0005568 | $0.00 | -93.30% |
1 MEDIA | $0.001114 | $0.00 | -93.30% |
5 MEDIA | $0.005568 | $0.00 | -93.30% |
10 MEDIA | $0.01114 | $0.00 | -93.30% |
50 MEDIA | $0.05568 | $0.00 | -93.30% |
100 MEDIA | $0.1114 | $0.00 | -93.30% |
500 MEDIA | $0.5568 | $0.00 | -93.30% |
1000 MEDIA | $1.11 | $0.00 | -93.30% |
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