According to the Central Bank of the Republic of Uzbekistan, the volume of cross-border money transfers to Uzbekistan reached $14.8 bn in 2024, marking a 30% annual growth.
The majority of the transfers came from Russia, totalling $11.5 bn, which represents a 29% increase compared to 2023.
Other significant sources of remittances included Kazakhstan, with $795 million; the United States, with $577 mn; and South Korea, with $534 mn.
The most common method for sending money to Uzbekistan was through money transfer systems, which accounted for $8.2 bn. Peer-to-peer transfers (P2P) amounted to $5.9 bn, while SWIFT transfers totalled...