Saturday, September 18, 2021

Money & Shopping in Uzbekistan

AsiaUzbekistanMoney & Shopping in Uzbekistan

Costs

Uzbekistan is less costly than neighboring Kazakhstan, but likely more expensive than Kyrgyzstan or Tajikistan. A street snack will set you back around USD0.80. The cost of a decent double room is USD40.

Currency

In October 2014, the official exchange rate for the Uzbekistani so‘m (cм in Cyrillic script and symbolised as UZS) was USD1 = UZS2,358.

However, Uzbekistan is in the unusual position of having a large trade surplus (because to its energy exports) while simultaneously having a parallel black market exchange rate. As of August 2015, the black market exchange rate was about 4,500, making it worthwhile to bypass official exchange bureaus. Because the UZS1,000 notes are the most common, you will be lugging around blocks of money, therefore ask for the UZS5,000 notes, which are readily accessible on request. The US dollar was undoubtedly the preferred foreign currency, but the euro is increasingly widely recognized. The greatest location to exchange money in Tashkent is Chorsu Bazaar, but currency exchange may be done everywhere.

ATMs accept international cards, but only at the official exchange rate and are typically empty. As a result, it is preferable to save enough money to prevent a scenario like this. Some cash machines do accept US dollars; nevertheless, be cautious about withdrawing a significant sum of money and then departing Uzbekistan with more money than you reported when you arrived.

Bazaars

Bazaars are where people in Uzbekistan typically purchase their products. Only department shops have set prices. Haggling is part of the game at bazaars, private shops, and private souvenir stores. Bazaars are the greatest places to watch people going about their everyday lives. The Alayski Bazaar is one of Central Asia’s oldest and most renowned bazaars. The Eski Djouva and Chor Su bazaars in Tashkent’s Old City include exquisite carpets, silk, spices, handicrafts, and traditional clothing.