Uzbek citizens receive US$1.3 billion in January-April
The Central Bank of Uzbekistan for the first time officially published data on the volume of remittances of individuals.
In January, Uzbek citizens received money transfers for US$322.2 million, in February - US$293.8 million, in March - US$333.4 million and in April - US$353.18 million.
In November 2017, users of international money transfers were given the opportunity to conduct cross-border transfers in national currency through automatic conversion. In January-April remittances for US$28.47 million were given in Uzbek soums.
After that, the volume of issued money transfers in the national currency is steadily growing, which indicates a decrease in the population’s demand for cash foreign currency. The share of remittances sent in national currency since January 2018 is at a stable level (an average of 11% of the total).
In the reporting period, US$269.15 million was transferred from Uzbekistan to abroad.