Materials with tag «remittances»
Remittances to Uzbekistan reach nearly $15 billion in 2024
In 2024, remittances to Uzbekistan surged by nearly 30%, reaching $14.8 billion. While transfers from Russia increased by 29%, its share in total inflows continued to decline. Meanwhile, transfers from the US rose by 35%, from the UK nearly doubled and from South Korea grew 1.6 times.
Money transfers to Uzbekistan increase by 25%, Russia’s share continues to decline
Money transfers to Uzbekistan increased by 25% in the first half of 2024, reaching $6.5 billion. This figure is twice the Central Bank’s preliminary forecasts. Remittances from the US, Germany, South Korea and Poland grew significantly, while Russia’s share continuing to decline.
Remittances to Uzbekistan increase, Russia’s share decreases, says Central Bank
In the first quarter of 2024, the volume of remittances to Uzbekistan increased, as reported by Central Bank chairperson Mamarizo Nurmuratov during a press conference on April 25.
World Bank: remittances from Russia to Uzbekistan gradually decrease
According to the World Bank estimates, the volume of remittances from Russia to Uzbekistan is gradually decreasing. The number of Uzbekistani labor migrants in the Russian Federation decreases, the exchange rate of the Uzbek soum against the ruble strengthens and inflation in Russia is on the rise.
Sign up for additional features