Uzbekistan sees reduced cash withdrawals amid growing digital payments

SOCIETY 19:40 / 26.04.2024 2142

From January to March, 212 trillion UZS were transferred to bank cards. Out of this, residents in Uzbekistan withdrew 48 trillion UZS, or 22.7%, according to a brief cash circulation review by the Central Bank.

For the same period last year, 164 trillion UZS were transferred and 24.8% were cashed, while in 2022, bank cards received 96 trillion UZS (28.1%).

Overall, during the three months, there was a decline in the volumes of cash put into circulation by 3 trillion UZS. The share of cash in the total money supply as of April 1, 2024, was 20.1%, which is 2.2% lower compared to the previous year.

Since the beginning of the year, the total amount of monetary receipts was 184 trillion UZS, which is 30% more compared to 2023.

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