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100.000 So'm

Issuer O'zbekiston Respublikasi Markaziy Banki
Year 2021
Type Vouchers
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Reverse lettering O'ZBEKISTON RESPUBLIKASI MARKAZIY BANKI
2021
100000
BIR YUZ MING SO'M
ANGQAQA'L'A ARXEOLOGIYA YODGORLIGI
O'ZBEKISTON SO'MINI QAL'BALASHTIRISH QONUNGA MUVOFIQ TA'QIB QILINADI
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Protection description Embedded security thread visible on the reverse with colour-shifting properties; watermark incorporated into the paper; colour-shifting security patch on the reverse near the top centre; serial number printed twice on the obverse in red and green.
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The 100,000 so'm note was Uzbekistan's highest denomination at issue and reflected a currency that had been chronically undervalued for years — by the mid-2010s, the black market rate for the US dollar ran at roughly double the official rate, a gap the Mirziyoyev government officially closed with the September 2017 liberalization. That single policy decision collapsed the parallel market overnight and forced a rapid rethink of the denomination structure; notes of this face value became practical necessities rather than curiosities.

Cotton substrate is consistent across the current Uzbek series, sourced domestically — Uzbekistan remains one of the world's major cotton producers, which gives the choice a certain logic beyond tradition.

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