Central Bank: Uzbekistan’s Cross-Border Transfers Jump 23% This Year

The Central Bank of Uzbekistan reports a 23% increase in cross-border money transfers since the beginning of 2025, with total remittances exceeding $12 billion.

Between January and August, cross-border money transfers to Uzbekistan reached $12.1 billion - a 23% increase compared to the same period in 2024, The Caspian Post reports, citing Uzbek media.

In July, transfers approached $2 billion, up 10.5% from July 2024, while in August the figure stood at $1.85 billion - a 19.9% rise.

In addition, since the start of the year, the population has sold $5.6 billion more in foreign currency than it purchased. The positive balance between sales and purchases rose by 40% compared to January-August 2024.

In the first half of the year, cross-border transfers increased by 27% to $8.2 billion. The volume has been growing each month - from $1.06 billion in January to $1.78 billion in June.

Russia remains the leading source of remittances, accounting for $6.4 billion or 78% of the total. The remaining $1.8 billion came from Kazakhstan, the United States, South Korea, Turkey, the United Kingdom, Kyrgyzstan, and Lithuania.