According to the main scenario projections of the Central Bank, the volume of remittances to Uzbekistan will grow by 25-30% this year, by 9-11% in 2025, by 9-12% in 2026, and by 10-15% in 2027. In recent years, the depreciation of the ruble exchange rate has been cited as the main risk affecting the decrease in the volume of transfers.
This year, the volume of Uzbekistan–bound remittances is expected to rise by 25-30 percent ($14.5-15 billion), and in 2025-2027, it will increase by 10-15 percent annually within the framework of the fundamental trend. This was mentioned in the forecasts for the main scenario in the initial conceptual project of "Main areas of monetary policy for 2025-2027".
"Efforts will be taken to diversify destination countries for work migration. In this case, the volume of money transfers from these countries is expected to increase due to the increase in the share of high-income countries," the Central Bank said in a conceptual draft.
According to expectations under the main scenario, by 2027 the total amount of remittances can reach US$ 20 billion dollars.
As reported earlier, in 9 months of this year, the volume of remittances to Uzbekistan reached US$11.3 billion, an increase of 34.8% on the previous year.
