Kyrgyz som

Currency of Kyrgyzstan

Kyrgyz somКыргыз сому (Kyrgyz)

100 som note (2016)

ISO 4217
Code| KGS (numeric: 417)
Subunit| 0.01
Unit
Unit| сом (Cyrillic) / som (Latin)
Plural| The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol| ⃀
Denominations
Subunit|
1⁄100| tyiyn
Banknotes|
Freq. used| 20, 50, 100, 200, 500, 1,000 som
Rarely used| 1, 10, 50 tyiyn, 1, 5, 10, 2,000, 5,000 som
Coins|
Freq. used| 1, 3, 5, 10 som
Rarely used| 1, 10, 50 tyiyn
Demographics
Date of introduction| 10 May 1993[1]
Replaced| Russian ruble[1]
User(s)|  Kyrgyzstan
Issuance
Central bank| National Bank of the Kyrgyz Republic
Website| www.nbkr.kg
Valuation
Inflation| 7.3% (December 2023)
Source| www.nbkr.kg

The som (/sɒm/; Kyrgyz: сом [sɔm]; ISO code: KGS; sign: ⃀ (с)) is the currency of Kyrgyzstan. It is subdivided into 100 tıyın. Initially, only banknotes were issued, but coins were introduced in 2008. The currency features denominations ranging from 1 tıyın to 5000 som.

The National Bank of the Kyrgyz Republic oversees its issuance, and various commemorative coins have been released to celebrate cultural and historical events. The banknotes display notable Kyrgyz historical figures and symbols, with periodic updates to enhance security features such as watermarks, holograms, and microprinting. Over time, higher denomination notes have been introduced to manage inflation.

## Etymology

[edit]

Main article: Soum (currency)

The official name of the Soviet ruble in Kazakh, Kyrgyz, Tajik, and Uzbek was soum, and this name appeared written on the back of banknotes, among the texts for the value of the note in all 15 official languages of the USSR. The word som (alternatively transliterated "soum" or "sum") means "pure" in Kazakh, Kyrgyz, Uyghur and Uzbek, as well as in many other Turkic languages. The word implies "pure" silver or gold and thus is similar in etymology to sterling.[citation needed]

### Currency symbol

[edit]

Currency symbol

Wikimedia Commons has media related to Som sign.

The National Bank of the Kyrgyz Republic approved an underlined С (es) as the official currency symbol for the som in February 2017.[2] It is represented in Unicode as U+20C0 ⃀ SOM SIGN.[3]

## History

[edit]

After the collapse of the Soviet Union attempts were made by most republics to maintain a common currency. Certain politicians were hoping to at the very least maintain "special relations" among former Soviet republics, or the "near abroad". Another reason were the economic considerations for maintaining the rouble zone. The wish to preserve the strong trade relations between former Soviet republics was considered the most important goal.[4]

The break-up of the Soviet Union was not accompanied by any formal changes in monetary arrangements. The Central Bank of Russia was authorized to take over the State Bank of the USSR (Gosbank) on 1 January 1992. It continued to ship Soviet notes and coins to the central banks of the fourteen newly independent countries, which had formerly been the main branches of Gosbank in the republics. The political situation, however, was not favourable for maintaining a common currency.[4] Maintaining a common currency requires a strong political consensus in respect to monetary and fiscal targets, a common institution in charge of implementing these targets, and some minimum of common legislation (concerning the banking and foreign exchange regulations). These conditions were far from being met amidst the turbulent economic and political situation.

During the first half of 1992, a monetary union with 15 independent states all using the rouble existed. Since it was clear that the situation would not last, each of them was using its position as "free-riders" to issue huge amounts of money in the form of credit.[5] As a result, some countries were issuing coupons in order to "protect" their markets from buyers from other states. The Russian central bank responded in July 1992 by setting up restrictions to the flow of credit between Russia and other states. The final collapse of the rouble zone began when Russia pulled out with the exchange of banknotes by the Central Bank of Russia on Russian territory at the end of July 1993.

The Kyrgyz som was introduced on 10 May 1993, replacing the Russian ruble which itself replaced the Soviet ruble at a rate of 1 som = RUR 200\. Initially only banknotes were issued, coins were not introduced until 2008.[1]

## Coins

[edit]

Circulation coins were first introduced in January 2008, making Kyrgyzstan second to last of the former Soviet republics to issue them. Belarus became the last. This move came with growing demand from vendors for coins, especially from slot machine industries and those desiring a more efficient system for collecting fare money.[6]

The coins were issued in denominations of 10 and 50 tıyın and 1, 3, and 5 som. A 10 som coin was issued a year later in 2009.

All coins are minted by the Kazakhstan mint in Ust-Kamenogorsk and bear some resemblance to coins of the Russian Federation.

Coins of the som (2008–present)[7] Image | Value | Technical parameters | Description | Date of

|
|
|
|

Diameter | Mass | Composition | Edge | Obverse | Reverse | minting | issue | withdrawal | lapse
| 1 tıyın  | 14 mm  | 1.0 g  | Brass-plated steel | Milled  | flower (гүл/ gul)  | Emblem of Kyrgyzstan, country name, year  | 2008  | 1 January 2008  | Current, but not issued for general circulation
| 10 tıyın  | 15 mm  | 1.3 g  | Current
| 50 tıyın  | 17 mm  | 1.8 g
| 1 som  | 19 mm  | 2.5g  | Nickel-plated steel | Milled  | leather bottle, the "kookor" with symbol of a "tumar" represented by a triangle.  | Emblem of Kyrgyzstan, country name, year  | 2008  | 1 January 2008  | Current
| 3 som  | 21 mm  | 3.2 g
| 5 som  | 23 mm  | 4.2 g
| 10 som  | 24.5 mm  | 5.4 g  | 2009  | 1 December 2009
| Lettering "Он сом", five-pointed star, «10 СОМ»  | 1 September 2014
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

### Commemorative coins

[edit]

See also: Kyrgyz Republic commemorative currency

10 som (2007)

There are several commemorative non circulation coins struck in silver and gold, and a special collector's 1 tıyın piece struck in brass. Starting in 1995, the National Bank of the Kyrgyz Republic has issued a large number of commemorative coins intended for collectors. They are not used in everyday circulation.

## Banknotes

[edit]

On 10 May 1993, the government issued 1, 10, and 50 tıyın notes and the Kyrgyzstan Bank issued notes for 1, 5, and 20 som. In 1994, the Kyrgyz Bank issued a second series of notes in denominations of 1, 5, 10, 20, 50, and 100 som. A third series followed from 1997 onwards in denominations of 1, 5, 10, 20, 50, 100, 200, 500, and 1,000 som. A fourth series was issued in 2009 and 2010 in denominations of 20, 50, 100, 200, 500, 1,000, and 5,000 som. Several commemorative banknotes intended for collectors were also issued.[7]

### First series (1993)

[edit]

Notes valued 1 and 10 tıyın with serial numbers KT and ZT were issued in 1999. 50 tıyıns notes with serial numbers KT and ZT were issued in 2001. All others in 1993.

Notes of the first series were designed by Dmitry Lysogorov[8] and A. P. Tsygank. They were printed by De La Rue in Great Britain.

Notes valued 1, 10, and 50 tıyın stayed in use until coins were introduced in January 2008. Banknotes of 1, 5, and 20 som of the first series were gradually withdrawn from circulation and replaced with banknotes of the second series starting in 1994.

First series (1993)[7] Image | Value | Dimensions | Description | Date of

|
|
|
|

Obverse | Reverse | Obverse | Reverse | Watermark | Printing | Issue | Withdrawal | Lapse
|  | 1 tıyın  | 90×70 mm  | Value, Kyrgyz eagle  | Value, Emblem of Kyrgyzstan | Repeating eagle (1993 issue).
Mushroom shaped ornament (1999 and 2001 issue).  | No date  | 10 May 1993  | Current, but no longer issued and rarely seen in circulation.[7]
|  | 10 tıyın
|  | 50 tıyın
|  | 1 som  | 140×70 mm  | Value, Manas | Value, Manas Ordo | Repeating eagle
|  | 5 som
|  | 20 som
These images are to scale at 0.7 pixel per millimetre (18 pixel per inch). For table standards, see the banknote specification table.

### Second series (1994–1995)

[edit]

The second series of banknotes followed in 1994-1995 when "the banknotes of the stabilization period" were issued.[7] These banknotes had a better counterfeit protection than the banknotes of the first series.

Second series (1994–1995)[7] Image | Value | Dimensions | Description | Date of

|
|
|
|

Obverse | Reverse | Obverse | Reverse | Watermark | printing | issue | withdrawal | lapse
|  | 1 som  | 135 х 65 mm  | Abdylas Maldybaev | Komuz, kylkyak, Bishkek Philharmonic Orchestra  | Toktogul Satylganov  | No date  | 11 April 1994  | Current, but no longer issued and rarely seen in circulation.[7]
|  | 5 som  | Bubusara Beyshenalieva | Kyrgyz National Opera
|  | 10 som  | Kasym Tynystanov | Mountain ranges of Kyrgyzstan and the Dzhety-Oguz tract  | 28 January 1994
|  | 20 som  | Togolok Moldo | Manas Mausoleum | 11 April 1994
|  | 50 som  | Kurmanjan Datka | Uzgen architectural complex of the 11-12th centuries  | 29 August 1994
|  | 100 som  | Toktogul Satylganov | Toktogul Hydroelectric Power Station | 20 March 1995
These images are to scale at 0.7 pixel per millimetre (18 pixel per inch). For table standards, see the banknote specification table.

### Third series (1997–2005)

[edit]

Starting in 1997, a new series of banknotes was introduced with similar themes, but enhanced design, compared to the previous series.

In January 2008 coins of 1 and 5 som and in December 2009 coins of 10 som were introduced. As a result, production of banknotes of these values ceased. The banknotes were however not removed from circulation, but are instead being phased out. In January 2008 the Kyrgyz National Bank estimated that within 2 years the 1 and 5 som banknotes would have almost completely disappeared from circulation.[9]

Third series (1997–2005)[7] Image | Value | Dimensions | Description | Date of

|
|
|
|

Obverse | Reverse | Obverse | Reverse | Watermark | printing | issue | withdrawal | lapse
|  | 1 som  | 120 × 60 mm  | Abdylas Maldybaev | Komuz, kylkyak,
Bishkek Philharmonic Orchestra  | As portrait  | 1999  | 7 February 2000  | Current. But no longer issued.[7]
|  | 5 som  | 135 х 65 mm  | Bubusara Beyshenalieva | Kyrgyz National Opera  | 1997  | 17 December 1997
|  | 10 som  | Kasym Tynystanov | Mountain ranges of Kyrgyzstan and the Dzhety-Oguz tract
|  | 20 som  | Togolok Moldo | Manas Mausoleum | As portrait, and value  | 2002  | 15 August 2002
|  | 50 som  | 145 × 70 mm  | Kurmanjan Datka | Uzgen architectural complex of the 11-12th centuries
|  | 100 som  | 150 × 72 mm  | Toktogul Satylganov | Khan Tengri
|  | 200 som  | 155 × 74 mm  | Alykul Osmonov | Lake Issyk Kul | 2000  | 28 August 2000
|  | 2004  | 2 August 2004
|  | 500 som  | 160 × 76 mm  | Sayakbay Karalaev | Sayakbay Karalaev and images from the Manas (epic) | 2000  | 28 August 2000
|  | 2005  | 1 November 2005
|  | 1,000 som  | 165 × 78 mm  | Jusup Balasagyn | Takhti Sulaiman, Mount Sulaiman | 2000  | 28 August 2000
These images are to scale at 0.7 pixel per millimetre (18 pixel per inch). For table standards, see the banknote specification table.

### Fourth series (2009–2016)

[edit]

In 2009 the National Bank of the Kyrgyz Republic issued a 5,000 som note. Later new editions for 20, 50, and 100 som denominations followed. Among other things, these notes have enhanced security features compared to the previous series.

Fourth series (2009–2016)[7] Image | Value | Dimensions | Description | Date of

|
|
|
|

Obverse | Reverse | Obverse | Reverse | Watermark | Printing | Issue | Withdrawal | Lapse
|  | 20 som  | 120 × 58 mm  | Togolok Moldo | Tash Rabat | As portrait  | 2009  | 1 July 2009  | current
|  | 2016  | 20 December 2018
|  | 50 som  | 126 × 61 mm  | Kurmanjan Datka | Minaret and mausoleum | 2009  | 1 July 2009
|  | 2016  | 1 March 2017
|  | 100 som  | 132 × 63 mm  | Toktogul Satylganov | Toktogul Hydroelectric Power Station | 2009  | 1 July 2009
|  | 2016  | 1 March 2017
|  | 200 som  | 138 × 66 mm  | Alykul Osmonov | Lake Issyk-Kul | 2010  | 1 December 2010
|  | 2016  | 1 January 2017
|  | 500 som  | 144 × 68 mm  | Sayakbay Karalaev | Manas Mausoleum | 2010  | 1 December 2010
|  | 2016  | 1 January 2017
|  | 1,000 som  | 150 × 71 mm  | Jusup Balasagyn | Takhti Sulaiman, Mount Sulaiman | 2010  | 1 December 2010
|  | 2016  | 1 January 2017
|  | 5,000 som  | 156 × 73 mm  | Suimenkul Chokmorov | Ala-Too Square | 2009  | 2 March 2009
|  | 2016  | 20 December 2018
These images are to scale at 0.7 pixel per millimetre (18 pixel per inch). For table standards, see the banknote specification table.

### Fifth series (2023)

[edit]

Fifth series (2023)  Image | Value | Dimensions | Description | Date of

|
|
|
|

Obverse | Reverse | Obverse | Reverse | Watermark | Printing | Issue | Withdrawal | Lapse
|  | 20 som  | 120 × 58 mm  | Togolok Moldo | Tash Rabat | Togolok Moldo  | 2023  | 15 February 2024  | current
|  | 50 som  | 126 × 61 mm  | Kurmanjan Datka | Minaret and mausoleum  | Kurmanjan Datka
|  | 100 som  | 132 × 63 mm  | Toktogul Satylganov | Toktogul Dam | Toktogul Satylganov
|  | 200 som  | 138 × 66 mm  | Alykul Osmonov | Lake Issyk-Kul | Alykul Osmonov  | 10 May 2023
|  | 500 som  | 144 × 68 mm  | Sayakbay Karalaev | Manas Mausoleum | Sayakbay Karalaev
|  | 1,000 som[10] | 150 × 71 mm  | Jusup Balasagyn | Takhti Sulaiman | Jusup Balasagyn
|  | 5,000 som  | 156 x 73 mm  | Suimenkul Chokmorov | Ala-Too | Suimenkul Chokmorov  | 10 May 2024

#### Commemorative banknotes

[edit]

In October 2014 banknotes commemorating the 150th birthdate of Toktogul Satylganov and the 100th birthdate of Alykul Osmonov were issued for sale to collectors. Only 3,000 of each were printed.

A commemorative 2,000 som banknote in honor of the 25th anniversary of independence and the introduction of the som was issued in November 2017.[10]

Commemorative banknotes[11] Image | Value | Dimensions | Description | Date of

|
|
|
|

Obverse | Reverse | Obverse | Reverse | Watermark | Printing | Issue | Withdrawal | Lapse
|  | 100 som  | 132 × 63 mm  | Toktogul Satylganov | Toktogul Hydroelectric Power Station | Toktogul Satylganov  | 2009  | 20 October 2014  | current
|  | 200 som  | 138 × 66 mm  | Alykul Osmonov | Lake Issyk-Kul | Alykul Osmonov
|  | 2,000 som[10] | 156 × 73 mm  | Monument of Manas, a stylised yurt, symbol of "Umai Ene" in the background  | Stylised tree, Khan Tengri mountain, eagle flying over lake Issyk-Kul | Toktogul Satylganov  | 2017  | 17 November 2017
These images are to scale at 0.7 pixel per millimetre (18 pixel per inch). For table standards, see the banknote specification table.

## Exchange rates

[edit]

One of many currency exchange kiosks in Bishkek's Dordoy Bazaar, quoting value of foreign currencies in Kyrgyz som Current KGS exchange rates

From Google Finance:  | AUD CAD CHF CNY EUR GBP HKD JPY USD KZT
From Yahoo! Finance:  | AUD CAD CHF CNY EUR GBP HKD JPY USD KZT
From XE.com:  | AUD CAD CHF CNY EUR GBP HKD JPY USD KZT
From OANDA:  | AUD CAD CHF CNY EUR GBP HKD JPY USD KZT

## See also

[edit]

Wikimedia Commons has media related to Money of Kyrgyzstan.

* Economy of Kyrgyzstan
* Uzbekistani sum

## References

[edit]

1. ^ a b c "ISO4217 AMENDMENT NUMBER 61 - 1993-07-27" (PDF).
2. ^ 10 February 2017, Bishkek - 24.kg news agency: KGS gets own currency symbol
3. ^ https://www.unicode.org/charts/PDF/U20A0.pdf [bare URL PDF]
4. ^ a b Odling-Smee, J. ao (2001). The IMF and the ruble area, 1991-93. Available at:http://www.imf.org/external/pubs/ft/wp/2001/wp01101.pdf
5. ^ Dąbrowski, M (1995). The reasons for the collapse of the Ruble zone. Available at: http://www.case-research.eu/sites/default/files/publications/3460035_058e_0.pdf
6. ^ https://m.akipress.com/news:592206:_b_Timeline_/b__of_Kyrgyz_currency_development_since_1993/
7. ^ a b c d e f g h i j "National Bank of the Kyrgyz Republic". www.nbkr.kg. Retrieved 2023-12-19.
8. ^ "Interview - Dmitry Lysogorov". lysogorov.com. Retrieved 2023-12-19.
9. ^ For.kg. Бумажные банкноты в КР будут заменены на монеты в течение 2-х лет (17 January 2008). Available at: http://www.for.kg/ru/news/54908/ Archived 2019-05-03 at the Wayback Machine
10. ^ a b c "Национальный банк Кыргызской Республики". www.nbkr.kg. Retrieved 2023-12-19.
11. ^ "Национальный банк Кыргызской Республики". www.nbkr.kg. Retrieved 2023-12-19.

## External links

[edit]

* Biographies of the figures depicted on Kyrgyz bank notes from the Spektator magazine Archived 2012-12-17 at the Wayback Machine
* Coins of Kyrgyzstan at CISCoins.net

* v
* t
* e

Currencies of Asia

Central|

* Kazakhstani tenge
* Kyrgyz som
* Tajikistani somoni
* Turkmen manat
* Uzbekistani sum

East|

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North|

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Southeast|

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West|

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Currencies of post-Soviet states

Current|

* Abkhazian apsar*
* Armenian dram
* Azerbaijani manat
* Belarusian ruble
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* Estonia, Latvia and Lithuania
* Georgian lari
* Kazakhstani tenge
* Kyrgyz som
* Moldovan leu
* Russian ruble
* Russia, Abkhazia* and South Ossetia*
* Tajikistani somoni
* Transnistrian ruble*
* Turkmen manat
* Ukrainian hryvnia
* Uzbekistani sum

Obsolete|

* Artsakh dram*
* Chechen naxar*
* Estonian kroon
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* Latvian ruble
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* Lithuanian litas
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