BUSINESS | 14:27 / 22.10.2021
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Cross-border remittances to Uzbekistan in 9 months amount to $5.7 billion

The volume of cross-border remittances to Uzbekistan in January-September 2021 amounted to $5.7 billion, the Central Banks said in a report.

Photo: Paul Yeung/Blomberg

“The volume of cross-border remittances to the country in the first nine months of 2021 amounted to $5.7 billion. This is more by 34.2% compared to the corresponding period of 2020 ($4.3 billion),” the report reads.
 
In addition, for 9 months of this year, the volume of exports (excluding gold exports) increased by 34% over the same period last year. With the acceleration of economic activity and the full resumption of production processes in key sectors of the economy, the volume of imports in January-September 2021 increased by 18.7%.

Also, the exchange rates of the national currencies of the main trading partners (with the exception of Turkey) did not change significantly since the beginning of the year and did not cause a gap in the real effective exchange rate.

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