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Latest News for: som (currency)

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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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How should Uzbekistan develop its debt market?

Asiatimes 17 Oct 2023
It is high time for Uzbekistan to start developing a deep long-term debt capital market in som, the country’s currency ... If you want to buy a house, you can take out a som mortgage loan with a bank at a rate, currently, of 16%.
photo: AP / Uzbekistan's Presidential Press Office
In this handout photo released by Uzbekistan's Presidential Press Office, Uzbekistan's President Shavkat Mirziyoyev speaks during a meeting in Tashkent, Uzbekistan, Friday, April 28, 2023.
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Uzbekistan aims to strengthen its global position

Asiatimes 26 Sep 2023
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Russians aren't the only victims of the ruble's implosion — the weak currency is also ...

Business Insider 24 Aug 2023
The Russian currency is down 15% to 20% against the Kyrgyzstani som, the Kazakhstani tenge, the Uzbekistani som, and the Tajikistani Somoni so far this year.
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Ruble Plunge Sends Waves Across Central Asia's Economies

Oil Price 21 Aug 2023
... against his homeland's national currency, the som, with that slide in value picking up pace this summer.
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Russia's Ruble Is Still Weak, And Central Asians Are Paying The Price

Beijing News 20 Aug 2023
Uzbekistan's som currency 'will be relatively stable till the end of the year and in the medium-term perspective,' the central bank predicted rather optimistically.
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What are the advantages and disadvantages of digital som – Rossiyskaya Gazeta

The Eastern Herald 05 Jul 2023
The digital som assumes that the National Bank will be responsible for its security in the same way that it is now responsible for the national currency ... for the currency of any other country.

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