Kyrgyzstani monetary unit refers to the official currency of Kyrgyzstan, a landlocked country located in Central Asia. The Kyrgyzstani monetary unit is called the "Kyrgyzstani som" (KGS) which serves as the legal tender in the country.
The Kyrgyzstani som is subdivided into 100 tyiyn. It was first introduced in May 1993, replacing the Soviet ruble after the dissolution of the Soviet Union. The currency is issued and regulated by the National Bank of the Kyrgyz Republic, the central bank of the country.
As of the time of writing, the Kyrgyzstani som is available in banknotes with denominations of 20, 50, 100, 200, 500, 1000, and 5000 som. Additionally, coins are in circulation for values of 1, 3, 5, and 10 som, as well as 1, 10, and 50 tyiyn. These banknotes and coins feature various cultural, historical, and natural landmarks of Kyrgyzstan, as well as national figures.
The Kyrgyzstani som plays a vital role in the country's economy, facilitating domestic and international trade transactions. It is used for everyday purchases, payments, and transactions within Kyrgyzstan. Exchange rates are determined by the foreign exchange market, influenced by various economic factors, including inflation, interest rates, and political stability.
Overall, the Kyrgyzstani monetary unit, the Kyrgyzstani som, is the official currency of Kyrgyzstan, representing a crucial element in the country's financial system and daily economic activities.
