Remittances to Uzbekistan up 24% year-on-year

International remittances to Uzbekistan have increased by almost a quarter since the beginning of 2025, according to the Central Bank’s report on the domestic foreign exchange market for the first nine months of the year.

Between January and September, cross-border transfers to the country totaled $13.9 billion – 24% or $2.7 billion higher than in the same period of 2024. Compared to 2023, the growth was even more significant – up 66% or $5.5 billion.

Central Bank data show that the volume of transfers has been declining for two consecutive months: $1.97 billion in July (up 10.5% year-on-year), $1.9 billion in August (+19.9%), and $1.82 billion in September (+23.6%).

Meanwhile, outbound international transfers from Uzbekistan amounted to $1.9 billion over the nine-month period – $127 million less than during the same period in 2024.

In the first half of 2025, cross-border remittances to Uzbekistan grew by 27%, reaching $8.2 billion. The volume of transfers had been increasing month by month – from $1.06 billion in January to $1.78 billion in June.

Russia remains the main 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.