According to data from the Central Bank of Uzbekistan, the volume of money transfers to the country in January-March 2026 reached $3.79 billion. This figure represents a 13% or $433 million increase compared to the same period in 2025 ($3.36 billion) and is significantly higher than the $2.5 billion recorded in 2024.

Traditionally, the highest volumes of transfers occur in March: in March 2026, money transfers rose by nearly 10% compared to March 2025 and by 38% compared to March 2024. This growth is largely attributed to increased remittances from Uzbek citizens working in developed countries and several Asian nations, which grew by almost 22% to $3.49 billion.

Meanwhile, outflows from Uzbekistan through international money transfers amounted to $604 million, which is $39 million less than in the first quarter of the previous year. The increase in foreign currency supply in January-March was supported by export revenues, banks' external debts, and money transfers, with a rise in currency sales by the population creating additional supply in the market.

It is worth noting that in 2025, the volume of money transfers to Uzbekistan increased by 27.2% compared to 2024, reaching $18.9 billion. These inflows have helped maintain balance in the domestic currency market, though they may also heighten the economy's reliance on external factors.

Source: www.gazeta.uz