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LOCAL CURRENCY IN KYRGYZSTAN

Need to know how much is your money worth in Kyrgyzstan? The currency used in Kyrgyzstan is called Som.

The Kyrgyzstani Som is issued and managed by the National Bank of the Kyrgyz Republic. To find out the current currency exchange rates for Som to other major currencies of the world, click on foreign currency rates.

Kyrgyzstani Currency Information
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The currency used in Kyrgyzstan is called as the Som. This currency is denoted with the currency sign and the ISO 4217 Code for the Kyrgyzstani Som is KGS. The Som, is the official currency of the Kyrgyzstan . It is divided into 100 smaller units called tyiyn.

The constitution of Kyrgyzstan provides that the Kyrgyzstan government shall have the power to print the Kyrgyzstani Som and tyiyn coins to be used as a legal tender in Kyrgyzstan. The Kyrgyzstani Som bank notes and Tyiyn coins are both designated as "legal tender" in payment of debts.

The Kyrgyzstani Som bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Kyrgyzstani Som.

Currently printed bank notes denominations are 20, 50, 100, 200, 500, 1000, 5000 som and the coins are minted in the denominations of 1, 3, 5, 10 som 1, 10, 50 tyiyn.

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The Effect of Balance of Trade and Investment on Kyrgyzstani Som
Financial analysts regularly cite the balance of trade and investment in Kyrgyzstan as the most important influence on the value of the Som. The difference between what the Kyrgyzstan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Som exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Som exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Kyrgyzstani Som.
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