The som (; ISO code: KGS; sign: ⃀ ()) 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
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.
Currency symbol
The National Bank of the Kyrgyz Republic approved an underlined С (es) as the official currency symbol for the som in February 2017.10 February 2017, Bishkek - 24.kg news agency: KGS gets own currency symbol It is represented in Unicode as .
History 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.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
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. 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.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 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.
Coins 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.
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) Image Value Technical parameters Description Date of Diameter Mass Composition Edge Obverse Reverse minting issue withdrawal lapse 1 tıyın 14 mm 1.0 gBrass-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 2.5gNickel-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
Commemorative coins
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 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.
First series (1993) 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 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) Image Value Dimensions Description Date of Obverse Reverse Obverse Reverse Watermark Printing Issue Withdrawal Lapse 1 tıyın90×70 mmValue, Kyrgyz eagleValue, Emblem of KyrgyzstanRepeating eagle (1993 issue).Mushroom shaped ornament (1999 and 2001 issue).No date10 May 1993 Current, but no longer issued and rarely seen in circulation. 10 tıyın 50 tıyın 1 som140×70 mmValue, ManasValue, Manas OrdoRepeating eagle 5 som 20 som
Second series (1994–1995) The second series of banknotes followed in 1994-1995 when "the banknotes of the stabilization period" were issued. These banknotes had a better counterfeit protection than the banknotes of the first series.
+Second series (1994–1995) 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. 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
Third series (1997–2005) 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.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/
+Third series (1997–2005) 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. 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
Fourth series (2009–2016) 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) Image Value Dimensions Description Date of Obverse Reverse Obverse Reverse Watermark Printing Issue Withdrawal Lapse 20 som 120 × 58 mmTogolok MoldoTash Rabat As portrait 2009 1 July 2009current 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
Fifth series (2023) +Fifth series (2023) Image Value Dimensions Description Date of Obverse Reverse Obverse Reverse Watermark Printing Issue Withdrawal Lapse 20 som120 × 58 mmTogolok MoldoTash RabatTogolok Moldo 2023 15 February 2024current 50 som126 × 61 mmKurmanjan DatkaMinaret and mausoleumKurmanjan Datka 100 som132 × 63 mmToktogul SatylganovToktogul DamToktogul Satylganov 200 som138 × 66 mmAlykul OsmonovLake Issyk-KulAlykul Osmonov 10 May 2023 500 som144 × 68 mm Sayakbay Karalaev Manas MausoleumSayakbay Karalaev 1,000 som150 × 71 mmJusup BalasagynTakhti SulaimanJusup Balasagyn 5,000 som156 x 73 mmSuimenkul ChokmorovAla-TooSuimenkul Chokmorov10 May 2024
Commemorative banknotes 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.