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100.000 So'm

Issuer O'zbekiston Respublikasi Markaziy Banki
Year 2021
Type Vouchers
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Reverse description The reverse presents a composition centred on archaeological artefacts from Uzbekistan — a large ceramic vessel and an ancient coin — rendered in intaglio against a warm ochre and pale guilloche background. A view of a historic fortress ruin appears in the upper right, with a colour-shifting security patch visible near the top centre. The denomination '100000' is printed in large numerals at lower right, with the issuing authority's name along the top and the year '2021' at upper left.
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Protection type Security thread, Watermark, Colour-shifting ink, Serial number
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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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