Finance

Uzbekistan to replace 50, 100, 200 and 500 soums with coins

Uzbekistan to replace 50, 100, 200 and 500 soums with coins
Uzbekistan to replace 50, 100, 200 and 500 soums with coins
Tashkent, Uzbekistan (UzDaily.uz) -- Uzbekistan intends to stop circulation of 50 and 100 soums coins and 50, 100, 200 and 500 soums banknotes. This was reported by the Ministry of Justice of Uzbekistan in its Telegram-channel.

The Ministry of Justice said that instead of these coins and banknotes, new coins with the nominal value of 50, 100, 200 and 500 soums of the 2018 sample will be issued.

Uzbekistan intends to stop circulation of 50 and 100 soums coins and 50, 100, 200 and 500 soums banknotes. This was reported by the Ministry of Justice of Uzbekistan in its Telegram-channel.

At the same time, 500-soum coins, which were manufactured in 2011, will remain in circulation.

According to the Ministry of Justice, 50 and 100-soum coins will be withdrawn from circulation by 1 July 2019, and banknotes with a face value of 200 and 500 soums – by 1 July 2020.

Commercial banks should accept withdrawn bills and coins without any restrictions or additional fees.

Askar Yakubov
Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.