“On the 5th of September 2017, the Uzbek government took the momentous step of abolishing the currency black market. Money can now be changed at market rates at Uzbek banks, and ATMs should convert money at market rates too. But the recent step taken by the Uzbek Government has brought a relaxation for the overseas visitors”
September 2017 Update: The Uzbek government has done away with some of its restrictive currency policies, effectively killing the black market for money. Money can now be changed at market rates at Uzbek banks, and ATMs should convert money at market rates too. This policy was implemented on September 5th, 2017, so it’s not clear whether the ATM withdrawal limit has been lifted. However, currency can now be exchanged at banks for normal market rates. It is still advisable to bring all the money you think you need in cash. This is latest updated news Govt. Uzbekistan has released on fiscal issues for the people of the rest of the world. It is good news for the visitors planning a Tour To Uzbekistan, as the money would be exchanged with the market rate. There would be no scope of exploitation. It is a nice step to fortify the tourism in Uzbekistan.
Is the decision going to put any impact on Uzbekistan Travelling? Yes, as when one fixes an itinerary, budget is the most important factor one takes into consideration. In other words, it is the budget that guides to one’s choice and vacation. But apart from the budget, the financial issue that mostly affect to the visitors in a foreign land is exchange rate of their currencies at the banks or black markets. You may use cash, credit and debit cards, or traveller’s checks Or you may exchange the American Dollars. The exchange rate determines how much foreign currency you get for each U.S. dollar, and the rate varies, depending on what form of money you are exchanging (cash vs credit cards, etc.), where you exchange it, and when the exchange takes place. When exchanging to cash, you have to accept whatever rates are offered in the place you happen to be. It might be more than your expectation. Generally people of the visiting country take the advantage of it. But the recent step taken by the Uzbek Government has brought a relaxation for the overseas visitors.
On the 5th of September 2017, the Uzbek government took the momentous step of abolishing the currency black market, by raising the official rate of the Uzbek sum against the dollar from the official rate of 4210 sum/$ to 8100 sum/$, above the black market rate. At the same time, big fines were levied against those still exchanging on the black market. In short, the black market no longer exists for tourists. You can simply and easily exchange your money at the bank. Earlier the American dollars were being recommended to bring but since you can now easily exchange at the bank at a fair and official rate, you can also bring Euros, British pounds and Japanese Yen.
Now you don’t need to go to the black market for exchanging your money where you were required to pay more exchange rates. Hence Bring all of the money you want to spend in Uzbekistan in cash. US dollars are best, though Euros and roubles are also acceptable.
Know Before You Go:
Here’s The Cost To Go Backpacking For Uzbekistan.......
Total cost of backpacking for 19 days
• For two people: 4,275,115 som / €612 / $679
• Per person: 2,137,557 som / €306 / $339
• Average cost per person
• Total per day: 112,503 som / €15.50 / $16.10
• Food and drinks per day: 30,000 – 40,000 som / €4.30 – 5.75 / $4.75 – 6.35
• Accommodation per day: 60,000- 70,000 som / €8.60 – 10 / $9.50 – 11.10
• Note: Budget travelers are most likely to stay in hostels. Prices mentioned are for one dorm bed.
• Long distance shared taxi: 30,000 – 50,000 som / €4.30 – 7.15 / $4.75 – 7.95
• Long distance night train: 60,000 -80,000 som / €8.60 – 11.45 / $9.50 – 12.70
• Taxi around town: 5,000 – 10,000 / €0.70 – 1.40 / $0.80 – 1.60
• Entrance to most major sights: 15,000 – 20,000 som / €2.15 – 2.85 / $2.40 – 3.70
Don’t get much worried for exchanging your money in Uzbekistan. The facilitation is good now and you can cash any amount at any bank in Uzbek with the same rate of exchange. Just travel this fascinating land with Minzifa Travel. We give the best of this historic land with affordable cost. Just click on minzifatravel.com to have all your answers.
Book Now with us today for best exploration.
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