What Is The Currency Exchange Rate Like In Uzbekistan?

The official currency of Uzbekistan is the Uzbekistani Som (UZS), which underwent significant reform as part of the country's economic liberalization. Understanding the currency situation helps travelers manage their finances effectively during their visit.

Exchange practices:

• The Som was previously subject to strict exchange controls, but now operates under a floating exchange rate system
• Official exchange rates and black market rates have largely converged following currency reforms
• Exchange rates can fluctuate, so it's advisable to check current rates before traveling

Where to exchange money:

• Banks offer reliable exchange services with official rates and receipts
• Hotels typically provide exchange services but often at less favorable rates
• Currency exchange booths are common in cities and tourist areas
• Airports have exchange counters but generally offer less competitive rates

When exchanging money, you'll receive a large volume of notes as the Som comes in denominations ranging from 1,000 to 100,000. The largest bill (100,000 Som) is worth approximately $8-10 USD depending on current exchange rates. This means carrying cash can be cumbersome, so consider using a money belt or secure bag.

Currency acceptance:

• Major hotels and upscale restaurants in tourist areas may accept US dollars or Euros
• Credit cards are increasingly accepted in high-end establishments and larger stores in major cities
• Visa and Mastercard are more widely accepted than American Express or other cards
• Always carry some Som for smaller establishments, markets, and transportation

Keep your exchange receipts until departure, as you may need them if you wish to convert unused Som back to foreign currency. While the process for exchanging currency back is straightforward, not all currencies may be available for exchange when leaving, with USD and EUR being the most reliable options.