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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.
AMI to IQD conversion rate trend
AMI to IQD market statistics
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Current AMI to IQD exchange rate
AMMYI Coin to Uzbekistan Som is rising this week.AMI to IQD Conversion tables
The exchange rate of AMMYI Coin is decreasing.AMI to IQD
IQD to AMI
AMI to IQD Today vs. 24 hours ago
Amount | 14:04 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 AMI | ع.د1.28 | ع.د2.54 | -49.54% |
1 AMI | ع.د2.56 | ع.د5.08 | -49.54% |
5 AMI | ع.د12.81 | ع.د25.39 | -49.54% |
10 AMI | ع.د25.62 | ع.د50.77 | -49.54% |
50 AMI | ع.د128.08 | ع.د253.85 | -49.54% |
100 AMI | ع.د256.16 | ع.د507.7 | -49.54% |
500 AMI | ع.د1,280.81 | ع.د2,538.51 | -49.54% |
1000 AMI | ع.د2,561.61 | ع.د5,077.03 | -49.54% |
AMI to IQD Today vs. 1 month ago
Amount | 14:04 today | 1 month ago | 1M change |
---|---|---|---|
0.5 AMI | ع.د1.28 | ع.د2.34 | -45.25% |
1 AMI | ع.د2.56 | ع.د4.68 | -45.25% |
5 AMI | ع.د12.81 | ع.د23.4 | -45.25% |
10 AMI | ع.د25.62 | ع.د46.79 | -45.25% |
50 AMI | ع.د128.08 | ع.د233.96 | -45.25% |
100 AMI | ع.د256.16 | ع.د467.91 | -45.25% |
500 AMI | ع.د1,280.81 | ع.د2,339.55 | -45.25% |
1000 AMI | ع.د2,561.61 | ع.د4,679.1 | -45.25% |
AMI to IQD Today vs. 1 year ago
Amount | 14:04 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 AMI | ع.د1.28 | ع.د0.8877 | +44.29% |
1 AMI | ع.د2.56 | ع.د1.78 | +44.29% |
5 AMI | ع.د12.81 | ع.د8.88 | +44.29% |
10 AMI | ع.د25.62 | ع.د17.75 | +44.29% |
50 AMI | ع.د128.08 | ع.د88.77 | +44.29% |
100 AMI | ع.د256.16 | ع.د177.53 | +44.29% |
500 AMI | ع.د1,280.81 | ع.د887.67 | +44.29% |
1000 AMI | ع.د2,561.61 | ع.د1,775.34 | +44.29% |
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