Uzbekistan approves new 100,000 soum banknote.

The central bank of Uzbekistan approved the specimen and design of a 100,000 soums banknote on January 15. For more convenient cash payments this note is introduced also to reduce costs related to calculation, storage and transportation to cash, to optimize the National banknotes, to improve ATM operations. The money supply will not be affected by issuing the new banknotes within the current stock of money. The date of issuance and the features of the banknote will be announced later. The 50,000 soums banknote which was introduced into circulation in August 2017 is the biggest banknote in use.

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