Uzbekistanis Brought in the Most Currency from Russia
Economy
According to statistical data, In 2024, the volume of money transfers to Uzbekistan by individuals amounted to $14.8 billion, representing a 30% or $3.4 billion increase compared to 2023. The majority of the funds, 77%, came from Russia ($11.5 billion), reflecting a 29% growth. Kazakhstan, the USA, South Korea, Turkey, and the UK were also notable source countries for transfers.
Uzbekistanis Brought in the Most Currency from Russia
According to statistical data, In 2024, the volume of money transfers to Uzbekistan by individuals amounted to $14.8 billion, representing a 30% or $3.4 billion increase compared to 2023. The majority of the funds, 77%, came from Russia ($11.5 billion), reflecting a 29% growth. Kazakhstan, the USA, South Korea, Turkey, and the UK were also notable source countries for transfers.
Additionally, the growing popularity of P2P (online) platforms for cross-border money transfers was observed. In 2024, the total volume of such transfers reached $5.9 billion, a 51% increase compared to 2023.
The volume of foreign exchange transactions between banks and individuals in 2024 reached $25.5 billion, up by 19% compared to 2023. The amount of foreign currency sold by individuals to banks amounted to $16.1 billion, marking a 31% increase.
Efforts to expand the currency exchange infrastructure led to an increase in the number of exchange points to 6,200. Additionally, the number of automated 24/7 currency exchange ATMs exceeded 3,400. These ATMs were installed in crowded areas, airports, and shopping centers. These figures reflect the positive impact of the country’s economic growth and migration trends.
According to statistical data, In 2024, the volume of money transfers to Uzbekistan by individuals amounted to $14.8 billion, representing a 30% or $3.4 billion increase compared to 2023. The majority of the funds, 77%, came from Russia ($11.5 billion), reflecting a 29% growth. Kazakhstan, the USA, South Korea, Turkey, and the UK were also notable source countries for transfers.
Additionally, the growing popularity of P2P (online) platforms for cross-border money transfers was observed. In 2024, the total volume of such transfers reached $5.9 billion, a 51% increase compared to 2023.
The volume of foreign exchange transactions between banks and individuals in 2024 reached $25.5 billion, up by 19% compared to 2023. The amount of foreign currency sold by individuals to banks amounted to $16.1 billion, marking a 31% increase.
Efforts to expand the currency exchange infrastructure led to an increase in the number of exchange points to 6,200. Additionally, the number of automated 24/7 currency exchange ATMs exceeded 3,400. These ATMs were installed in crowded areas, airports, and shopping centers. These figures reflect the positive impact of the country’s economic growth and migration trends.
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