Uzbekistan-bound remittances reached $18.9 billion in 2025, recording a 27.2% increase to $14.8 billion in 2024, the Central Bank (CB) said.
In terms of months, remittances surpassed the previous year's level in every month of the year. The highest volumes were recorded in July ($1.97 billion), August ($1.9 billion), September ($1.84 billion), and October ($1.86 billion).
Initially, official forecasts for 2025 estimated growth in international remittances at 10-12%. In May, the Central Bank upgraded this forecast up to 15-18%, but the actual growth was much higher.
The Central Bank noted that the increase in remittances was primarily due to external factors. In particular, support was provided by the strengthening of currencies in key partner countries, including the appreciation of the Russian ruble, as well as increased labor migrant flows to other countries.
Furthermore, the positive difference between the sale and purchase of foreign currency by the public in 2025 topped $9.7 billion, 1.4 times higher than in 2024.
"Overall, the high growth in the volume of remittances is an important factor supporting domestic consumption and stability in the foreign exchange market," the CB concluded.
