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Finance 07/09/2015 Remittances between Uzbekistan and Russia fall by 56% in 2Q
Remittances between Uzbekistan and Russia fall by 56% in 2Q
Tashkent, Uzbekistan (UzDaily.com) -- Total volume of remittance between Uzbekistan and Russia reached US$784 million in the second quarter of 2015, decreasing by 56.13% year-on-year, according to the Central Bank of Russia.

The Central Bank of Russia said that the volume of remittances from Russia to Uzbekistan decreased by 57.92% year-on-year to US$686 million in the second quarter of 2015. The remittances from Uzbekistan to Russia reached US$98 million in the second quarter of 2015, which decreased by 37.58% year-on-year.

At the same time, the volume of remittances between Uzbekistan and Russia fell by 2.03 times year-on-year to US$1.398 billion in the first half of 2015.

In six months of 2015, the money transfers from Russia to Uzbekistan made up US$1.149 billion, decreasing 2.21 times year-on-year. The volume money transfers from Uzbekistan to Russia fell by 15.31% - to US$249 million.

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