Uzbek Sum

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Uzbek Sum

The currency of Uzbekistan. It was introduced in 1993, replacing the Soviet ruble. In 1994, a new sum was issued, replacing the old sum at an exchange rate of 1 new sum to 1,000 old sum. The sum is a floating currency.
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Western economic sanctions against Russia resulted in the sharp appreciation of the US dollar against the Uzbekistani som. This caused prices for most types of products to increase rapidly, particularly prices for imported products, which weakened consumer demand.