Uzbekistan-bound remittances rose by 25% year-to-date, the Central Bank said in a report. From January to November, individuals sold $19.4 billion in foreign currency to banks, a 32.8% increase compared to the same period in 2024, while last month sales totaled $2 billion.
Meanwhile, currency purchases increased by only 24.7%, reaching $10.6 billion. In November, individuals purchased $1 billion in foreign currency.
Over the past 11 months, remittances to Uzbekistan grew by a quarter, reaching $17.3 billion. In November, transfers decreased by more than 20% compared to the previous month, to $1.48 billion. However, the value is still 28.1% higher than the same period in 2024.
Meanwhile, only $2.4 billion worth of foreign currency left the country through international money transfers—$157 million less than the same period in 2024. In November, foreign currency outflow topped $200 million.
