School arty

Explain this Black Market

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May 20th 2011
The currency in Uzbekistan is the “Sum”. There are officially 1700 to US$1. but on the black market you can up to 2400. Here’s how it works. You trot along to the National bank and exchange your US$ travellers’ cheques for US$s. Or you put your debit card into an ATM and find that it will only dispense US$s. Then your take your US$ bills round to hotel reception, are taken into the left lu ... read more

Asia » Uzbekistan » Samarkand

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Russia conquered Uzbekistan in the late 19th century. Stiff resistance to the Red Army after World War I was eventually suppressed and a socialist republic set up in 1924. During the Soviet era, intensive production of "white gold" (cotton) and grain... ... read more