Economy

Uzbekistan receives over $15 billion in remittances in nine months

Illustration: Tezkun / AI. Not a photograph of the event.

Uzbekistan received $15.16 billion in remittances from January to September 2026, an 8.9% increase from the same period last year, the Central Bank said in a review of the domestic foreign exchange market.

The growth rate has slowed down. In the first half of the year, incoming remittances increased by 13% to $9.28 billion, compared to $8.21 billion. In the third quarter, the country received approximately $5.88 billion, which is only 2.9% more than in July-September 2025 ($5.71 billion). For comparison, in the first nine months of 2025, the volume of receipts grew by 23.7% compared to the same period in 2024.

From Uzbekistan, $1.95 billion was sent abroad in the first nine months, compared to $1.93 billion in the same period last year. In the third quarter, outgoing remittances decreased by 11.6%, from $707 million to $625 million. The positive balance for January-September was $13.21 billion, and for the third quarter it was $5.25 billion, compared to $5 billion in the same period last year.

In the same review, the regulator notes that in the first nine months, the population sold currency to commercial banks worth $18.9 billion. This is 1.2 times more than the previous year's figure of $15.3 billion. The soum exchange rate during this period ranged from 11,765 to 12,320 soums per dollar, and as of the end of September, it was 11,821 soums: since the beginning of the year, the national currency has strengthened by 1.5%.

According to preliminary data from the National Committee on Statistics, remittances from abroad accounted for 17.8% of the country's residents' total income for January-September 2026.

What it means

Remittances from abroad accounted for 17.8% of the country's residents' total income for January-September 2026. The soum exchange rate as of the end of September was 11,821 per dollar, having strengthened by 1.5% since the beginning of the year.

Published 2 November 2026, 22:16 · No updates · Russian original

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