Kyrgyz Som


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Kyrgyz Som

The currency of Kyrgyzstan. It was introduced to replace the Soviet ruble; the som was the local name for the ruble while Kyrgyzstan was under Soviet rule.
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"I am glad that my visit coincided with the celebration of the 25th anniversary of the Kyrgyz Som. Over 25 years of cooperation with the National Bank, a number of successful joint projects have been implemented, in connection with which I would like to note the qualified staff of the Bank.
The National Bank of Kyrgyzstan will have to pour in foreign currency resources to support the Kyrgyz som, economist Uran Chekirbayev told Tazabek in his comments about impact of fall of exchange rates of Russian ruble and Kazakh tenge against US dollar on the Kyrgyz som.
The Kyrgyz som dropped 3.9% versus US dollar in 2013 and since start of 2014 - by 3.9% more.
"We have seen lately the exchange rates of the Russian ruble, Kyrgyz som against dollar dropped sharply, whereas the exchange rate of tenge versus dollar was kept on one level within 155-160 tenge for $1.
Exchange rate of the US dollar to Kyrgyz som is the most stable in the world, Vice Chairman of the National Bank of Kyrgyzstan Zair Chokoyev said on January 28.
In this regard, sharp rise in the dollar against Kyrgyz som observed in the country causes concern.
dollar against Kyrgyz som has grown by 1.6% from 49.1984 som for $1 to 49.9885 som by January 18 (in the same period of 2013 the growth made 0.1%), reported Tazabek with reference to the National Bank.