During the first quarter of 2026, remittances to Uzbekistan continued their upward trajectory, reaching a total of $3.79 billion, the Central Bank said in a review.
As is traditional, March saw the highest volume of inflows:
- January: $1.23 billion
- February: $1.23 billion
- March: $1.33 billion
Inflows this March rose by nearly 10% compared to March 2025 ($1.22 billion) and surged by 38% compared to March 2024 ($963 million).
On the other hand, $604 million was sent abroad from Uzbekistan via international transfer systems, marking a decrease of $39 million compared to the first quarter of last year.
From January to March, the growth in foreign currency supply in Uzbekistan was primarily driven by export revenues, external bank borrowing, and international remittances. A particularly significant role was played by an increase in currency sales by the general public, which injected additional liquidity into the market.
In 2025, total remittances reached $18.9 billion, a 27.2% jump from 2024. These inflows have been significant in maintaining stability within the domestic foreign exchange market.
Notably, transfers from Uzbek citizens working in developed nations and several Asian countries grew by nearly 22%, totaling $3.49 billion.
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