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Money Transfers to Uzbekistan Jump by 27% in First Half of 2025

Uzbekistan received $8.2 billion in remittances from abroad in the first six months of 2025, marking a 27% increase compared to the same period last year, according to the Central Bank.

Of the total, $6.4 billion (78%) came from Russia. The rest originated from Kazakhstan, the U.S., South Korea, Türkiye, the UK, Kyrgyzstan, Lithuania, and other countries—similar to the distribution seen in 2024.

The Central Bank attributes the growth to sustained demand for labor and relatively high wages in host countries for Uzbek migrant workers, as well as the strengthening of the national currency.

Remittance sources are diversifying, with a notable rise in transfers from developed nations. Transfers from the UK doubled, while those from EU countries grew by 41%—with particularly sharp increases from Ireland (2.8 times), Lithuania (79%), the Netherlands (44%), and Poland (20%). Transfers from the U.S. rose by 15%.

In total, $4.3 billion (53%) was sent via traditional international transfer systems—up 22% year-on-year. Another $3.6 billion (44%) came from P2P bank card transfers, up 40%. Meanwhile, SWIFT-based bank transfers fell by 22% to $251 million (3%).

 

TuraNews

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