Cross-border remittances to Uzbekistan show considerable increase in January

BUSINESS 19:25 / 16.02.2021 3659

The Central Bank has provided information on international money transfers to the Republic in January 2021.

It is noted that the volume of international cross-border remittances last month amounted to $427 million. The figure is up by $27 million (7%) compared to the corresponding period in 2020.

The amount of cross-border remittances sent abroad was $101 million in January. As a result, the positive balance on international cross-border remittances amounted to $326 million.

In 2020, international money transfers to Uzbekistan were $6.03 billion, which is $17 million (0.3%) more than in 2019.

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