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Uzbekistan Sees 9.3 Billion Dollars in Remittances in First Half of 2026

Africa7 hr ago

In the first six months of 2026, Uzbekistan received a total of $9.3 billion through international money transfer systems. This significant inflow represents a 13% increase compared to the same period in 2025. Furthermore, the amount is 44% higher than that received during the corresponding period in 2024. During the same January-June 2026 period, funds transferred out of Uzbekistan amounted to $1.33 billion.

AI Analysis

The substantial growth in remittances to Uzbekistan, reaching $9.3 billion in the first half of 2026, highlights the increasing reliance on external financial flows. This trend suggests a growing number of Uzbek citizens working abroad and contributing to the domestic economy. The significant year-over-year increases indicate evolving global labor market dynamics and potentially stronger economic conditions in destination countries for Uzbek migrants. Understanding the drivers behind this remittance surge, such as policy changes in host countries or improved transfer mechanisms, will be crucial for Uzbekistan's economic planning and for assessing the sustainability of these flows against outbound transfers of $1.33 billion.

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Compiled by NewsGPT from Kun.uz (UZ). Read the original for full details.