Uzbekistan received $8.2 bn in remittances between January and June 2025. That is up 27% from the same period last year. The data comes from the Central Bank of Uzbekistan.
Russia Sends Most of the Funds
Russia remains the top source of remittances. It accounted for $6.4 bn of the total. Other key countries include Kazakhstan, the US, South Korea, Turkey, the UK, and EU member states.
The growth is linked to strong demand for labour abroad. It also reflects a stable exchange rate at home.
Remittances See Fastest Growth
Traditional money transfer services handled $4.3 bn, or 53% of all inflows. But the biggest jump came from bank-to-bank (P2P) transfers. They rose 40%, reaching $3.6 bn.
SWIFT bank transfers made up only 3% of all transactions. This channel dropped by 22% to $251 mln.
More Funds Come from Western Economies
The UK doubled its remittances to Uzbekistan. Transfers from the EU rose 41%. Big gains came from Ireland (+180%), Lithuania (+79%), the Netherlands (+44%), and Poland (+20%). The US increased its share by 15%.
Outbound Remittances Stay Flat
Money sent from Uzbekistan to abroad totalled $1.2 bn in the first half of the year. That’s nearly the same as last year.
Kursiv Uzbekistan also reports that nearly 39% of Uzbek citizens did not manage to save any money in the past year.
