Argentine Peso in Uzbekistani Som

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

Denominations of banknotes in circulation:
1, 2, 5, 10 pesos.

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.

UZS Uzbekistani Som

Country of application:
Uzbekistan

Coin denominations in circulation:
10, 5 and 1 sum.

Denominations of banknotes in circulation:
50,000, 10,000, 5,000, 1,000, 500, 200, 100, 50, 25, 10, 5, 3 and 1 sum.

History reference:
Sum is the national currency of Uzbekistan. It was originally introduced on November 15, 1993 in the form of sum-coupons, a currency parallel to the Soviet ruble to protect the countrys economy from ...excess ruble supply. Since July 1, 1994 - as the only legal tender in Uzbekistan. After the denomination of the Belarusian ruble in 2016, the sum became the cheapest currency among the countries of the former USSR. Since November 15, 1993, in the Republic of Uzbekistan, in order to protect the domestic market from excess ruble supply, additional temporary banknotes "sums" or sum-coupons were introduced in a ratio of 1: 1 to the Soviet ruble. On July 1, 1994, by the Decree of the President of Uzbekistan, a constant currency is put into circulation - the Uzbek Soum at the rate of 1 sum = 1000 sum-coupons. On July 1, 2013, the Central Bank of the Republic of Uzbekistan issued a new banknote with a face value of 5,000 soums. Currently, all banknotes and coins are in circulation, but banknotes up to ten and coins up to twenty-five soums are not used.