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Uzbekistan Received $2.3 bln of Remittances in the First Half 2018

Friday 21 September 2018

TASHKENT (UzTAG) — According to the Central Bank of Uzbekistan, in the first half of 2018, the country received $2.3 bln of remittances from abroad., including the amount of imported foreign currency cash.

During the reporting period, Uzbekistan is a net recipient of remittances from Russia (77% of total remittances), Kazakhstan (6%), USA (4%), Turkey (4%), Korea (2%), Israel (1%), Sweden, the United Arab Emirates and a number of other countries.

Transfers from Uzbekistan amounted to $401.1 mln: Russia 50%, Turkey 12%, Kazakhstan 8%, China 7%, Kyrgyzstan and Ukraine 3%, the USA 2%, Tajikistan, Poland, Lithuania , Korea and Azerbaijan, 1% each and to other countries 10%.

The bulk of the funds transferred to China, Turkey and Russia were for payment on “shuttle” imports. In this connection, when calculating personal transfers to non-residents, funds transferred to these countries are not taken into account, the Central Bank notes.

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