What is an FCNR Deposit? A complete guide for NRIs
This article covers: What is an FCNR Deposit?Which Currencies Are Accepted? What Interest Rates…
The Kyrgyzstani Som (KGS) is the official currency of Kyrgyzstan, issued by the National Bank of the Kyrgyz Republic. It was introduced in 1993, replacing the Soviet ruble. The som is a free-floating currency, but its value is influenced by remittances, gold exports, and regional economic conditions. The currency is subdivided into 100 tyiyn, though tyiyn coins are rarely used due to inflation. Banknotes are available in denominations from 20 to 5,000 som, while coins range from 1 to 10 som. The Kyrgyzstani economy relies on agriculture, mining, and foreign remittances, making the som susceptible to external economic fluctuations.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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