Remittances to Uzbekistan amounted to $8 billion in 2021

In 2021, the volume of cross-border remittances to Uzbekistan amounted to $8.1 billion, or 34% more than in the same period last year, the CB press service reported.

Reportedly, the stability of supply in the domestic foreign exchange market played an important role in the formation of the national exchange rate. During 2021, the soum exchange rate fluctuated in the range of 10,449-10,849 soums/USD (annual devaluation – 3.4%).

Revenues from exports and cross-border remittances to the country in 2021 increased by 34%, respectively, which was a factor supporting the supply of foreign exchange in the domestic foreign exchange market, which contributed to a 1.6-fold increase in total supply in the market.