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Latest News for: som (currency)

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Kyrgyzstan advances national digital currency plans​

Invezz 11 Dec 2024
Kyrgyzstan has moved ahead with plans for a full rollout of its national digital currency, the digital som ... Discussions over the plans to amend laws to integrate the digital som into the country’s financial system began earlier this year.
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Kyrgyzstan Hammering Out Implementation Of Digital Currency With IMF

MENA FN 23 Oct 2024
(MENAFN - Trend News Agency) BISHKEK, Kyrgyzstan, October 23. Kyrgyzstan and the International Monetary Fund (IMF) discussed the technical implementation of a digital som (the currency of ... .
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Kyrgyzstan Central Bank Adds Chinese Yuan to Daily Foreign Exchange Updates

The Epoch Times 19 Aug 2024
The nation’s central bank will determine and publish the rate of the Chinese Renminbi Yuan (RMB) against the country’s official currency, the Kyrgyz Som, starting from Sept.
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Yellow metal places Uzbekistan at centre of economic activities

Beijing News 16 Aug 2024
By Dr ... Uzbekistan's economy, which is expanding, relies on foreign currency inflows to support its national currency. The Uzbek som has one of the lowest face values globally, with US$1 equivalent to 12,500 som ... (Dr. Chandan Kumar, Ph. D.
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Kyrgyzstan to publish Chinese yuan's exchange rate daily

People Daily 15 Aug 2024
The report said that the board adopted a resolution on amending the rules for determining the official exchange rates of foreign currencies against the Kyrgyz som.
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Why Mass Labor Exporter Kyrgyzstan Faces Migrant Worker Fear At Home

Beijing News 22 May 2024
Until last week, that is ... The question, then. Why is this happening now? ... But when the ruble once again plunged against foreign currencies, including Kyrgyzstan's som, Kyrgyz garments suddenly seemed pricey for their predominantly Russian buyers.
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Some central banks have sold gold at record prices, cashing in on the global boom

Business Insider 21 May 2024
Private gold mining in Uzbekistan was legalized in 2019 ... The country's local currency, the Uzbekistani som, is also under pressure and has been on an extended multi-year decline. The som slumped 10% against the US dollar in the past 12 months alone.
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Former NATO Ambassador Kurt Volker to speak on world affairs in Savannah on Wednesday

Savannah Morning News 21 May 2024
That changes May 22, when the Savannah Council on World Affairs brings Kurt Volker ― a veteran diplomat whose resume includes a stint as U.S. ambassador to NATO in the George W ... What is SCWA? ... 2) Can you name the currency of the country of Georgia? ... Som.
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Uzbekistan's Big Gold Bet Paying Off Despite Dependency Concerns

Beijing News 19 May 2024
Regular gold purchases from local mining operations -- purchased in the Uzbek currency, the som, and then sold on international markets for dollars -- have also proven an important means of easing pressure on the national currency.
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Uzbekistan’s economic reforms spark modern-day gold rush

Taipei Times 30 Mar 2024
Now they earn 3 million to 4 million som US$237.88 to US$317.18 on average each month, Khudaberdiyev said — a decent salary for the region ... The country’s growing economy depends on injections of foreign currency to support the national currency.
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Uzbekistan reforms spark modern-day gold rush

Gulf Today 27 Mar 2024
“Now they earn three to four million som (240 to 360 euros) on average” each month, Khudaberdiyev said — a decent salary for the region ... currency to support the national currency.
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Hotel room boys arrested for Uzbek woman

Deccan Herald 15 Mar 2024
... adding that nail marks on her face indicate she resisted their attack, but couldn’t escape. The men took Rs 30,000, and 5,000 and 2,000 bills in Uzbekistan’s local currency Som.
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Why Are Indian Tourists Visiting Uzbekistan?

Hindustan Times 01 Mar 2024
Currency. India Forbes recently listed the Uzbek currency (som) as one of the and it seems that many Indian citizens are taking advantage of this. The currency conversion rate as of February 2024 is roughly 1 INR to 150 UZS.
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Bitcoin Mining Surge Boosts Kyrgyzstan’s Tax Revenue Amid Regulatory Challenges

CoinGape 02 Jan 2024
Virtual currency usage and mining in Kyrgyzstan have been on a constant increase since 2020.Moreover, the abundance of hydroelectric resources in the country creates a conducive environment for growth.

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