Uzbekistan launches new banknote as inflation erodes value

Uzbekistan 50000 som banknote
Central Bank of Uzbekistan

The Central Bank of Uzbekistan has launched its second banknote in a year, boosting the purchasing power of banknotes as inflation has eroded their value.

The new 50,000 som note, worth around $12, will become the highest denomination when it launches on August 22. It follows on from the 10,000 som note that was launched in March.

Banknotes as small as 1 som remain in circulation, despite being worth only around 0.02 of a US cent. Issued in 1994, these low-value notes came as the currency was

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