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Kyrgyzstan







Country ISO code: KG

Official languages: Kyrgyz (state language), Russian (official language)

Language ISO codes: ky (Kyrgyz), ru (Russian)

Current official currency: Kyrgyzstani Som

Current currency ISO code: KGS


Currency: Kyrgyzstani Som (KGS)

  • ISO code: KGS

  • Symbols and signs: Common symbol "сом" (som)

  • Singular name: сом (som)

  • Plural name: сомдор (somdor)

  • Monetary subdivision: 1 Som = 100 tyiyn (тыын)

  • Fraction singular name: тыын (tyiyn)

  • Fraction plural name: тыындар (tyiyndar)

  • Initial production date: 1993 (post-independence)

  • Final production date: still in production

  • Initial circulation date: 1993

  • Final circulation date: currently in circulation

  • Mint: Currency issued by the National Bank of the Kyrgyz Republic; coins and banknotes are typically produced by specialized international mints

  • Issuing bank: National Bank of the Kyrgyz Republic

  • Coin denominations minted: 10, 20, 50, 100, 200, 500 som

  • Banknote denominations printed: 20, 50, 100, 200, 500, 1000, 2000, 5000, 10000 som


Historical and economic context

  • Prior to independence in 1991, the Soviet ruble was the official currency.

  • The Kyrgyzstani Som was introduced in 1993 to replace the Soviet ruble as part of the transition to a market economy.

  • The National Bank of the Kyrgyz Republic is responsible for monetary policy and currency issuance.

  • The Kyrgyz economy is based on agriculture, mining, and remittances, facing typical developing country challenges.

  • The som has experienced exchange rate fluctuations reflecting regional and global economic instability.

  • Banknotes and coins feature national symbols such as the Tian Shan mountains, the golden eagle, and nomadic cultural motifs.

  • The central bank implements anti-counterfeiting measures to maintain currency trust.


Issuing authority and legislation

  • The National Bank of the Kyrgyz Republic is the sole issuing and regulatory authority.

  • Monetary legislation governs issuance, circulation, and protection against counterfeiting.

  • Banknotes bear signatures of the governors of the National Bank, with names and titles varying by series.


Curiosities and commemorative coins

  • Kyrgyzstan issues commemorative coins for national and cultural events, such as independence anniversaries and traditional festivals.

  • Some commemorative coins are minted in precious metals and aimed at collectors.


Current status

  • The Kyrgyzstani Som is the only official currency in circulation.

  • Foreign currencies have no legal tender status but may be informally accepted in some transactions.


This report provides a comprehensive financial history of the Кыргыз Республикасы (Kyrgyz Republic), highlighting the Kyrgyzstani Som as the current official currency, its features, economic context, and issuance and circulation details.



Fonte:

Autor do blog: Nilton Romani

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