The currency of Kyrgyzstan is the Kyrgyz som (KGS), which was introduced in May 1993, following the dissolution of the Soviet Union. One som is equal to 100 tyiyn, though tyiyn are rarely used due to their low value. The som is considered a stable currency compared to other countries in the region but, like all currencies, is subject to fluctuations.
Coins and Banknotes
Circulating coins include denominations of 1, 3, 5, and 10 soms, while banknotes come in denominations of 20, 50, 100, 200, 500, 1000, 2000, and 5000 soms. The banknotes feature various designs, showcasing prominent figures from Kyrgyz history, national symbols, and monuments.
Currency Exchange
In Kyrgyzstan, it is easy to exchange major world currencies such as US dollars, euros, and Russian rubles. Exchange points are available in all major cities, particularly in Bishkek, Osh, and tourist areas. Banks also offer currency exchange services. It is advisable to exchange currency at official exchange points or banks for safety and protection against fraud.
Cashless Transactions
Cashless transactions are becoming increasingly popular in large cities and tourist spots. In the capital, Bishkek, and other major urban centers, credit and debit cards are accepted in most hotels, restaurants, shops, and shopping centers. However, in more remote areas and smaller towns, cash remains the preferred method of payment.
Tips for Tourists
- It’s best to always carry cash, especially when traveling to mountainous or rural areas where ATMs and card payment terminals may be unavailable.
- ATMs are common in cities, but it’s wise to withdraw the necessary amount before heading to remote regions.
- For currency exchange and withdrawals from international cards, use official points to avoid fraud.