The present article focuses on the numismatic finds by the Uzbek-Italian Archaeological Program “Samarkand and Its Territory” in the Sogdian and early Islamic site of Kafir Kala (Uzbekistan). The overall number of coins discovered at Kafir Kala amounts to 178. The major part of them came from the citadel. Beside many Sogdian copper coins of the 7th and first half of the 8th century, the most important discovery was an Abbasid dīnār and a hoard of 132 dirhams. The coins are described in their stratigraphic context. Kafir Kala represents a very important case-study for the comprehension of the changes in the monetary circulation in Sogdiana at the beginning of the Islamic expansion in Central Asia.