Transfers from Kazakhstan to Uzbekistan rose by 64.6% in April, reaching UZS 459 bn (KZT 17.15 bn), up from UZS 279 bn (KZT 10.42 bn) in March, according to Kazakhstan’s National Bank.
Uzbekistan became the second-largest recipient of remittances from Kazakhstan, behind only Russia.
In April 2025, Kazakhstan received UZS 50 bn (KZT 1.96 bn) from Uzbekistan — a 21.5% increase compared to UZS 41 bn (KZT 1.62 bn) in March.
Uzbekistan’s share of total foreign remittances into Kazakhstan rose to 10.2%, up from 9.7% in March. This positions the country as Kazakhstan’s third-largest source of incoming money transfers, after Russia (25.7%) and the US (15.4%).
Analysts attribute the increase to greater migrant activity and improved access to money transfer services. The number of transactions from Uzbekistan also rose — from 2,660 to 2,870.
Earlier, Kursiv Uzbekistan reported that remittances sent by individuals to Uzbekistan in Q1 2025 totalled $3.3 bn.
