TASHKENT, Uzbekistan, November 28. Individuals
in Uzbekistan sold $17.5 billion worth of currency to commercial
banks from January through October 2025 (compared to $13.2 billion
during the same period in 2024) and purchased $9.7 billion worth of
currency, which is 25 percent more than the previous year, Trend reports via the Central
Bank of Uzbekistan (CBU)
Furthermore, over the same period, the country received $15.8
billion in remittances, which is also 25 percent higher compared to
last year. This inflow contributed to strengthening the supply side
of the domestic foreign exchange market.
Consequently, the national currency strengthened by 7 percent
over the period from January through October 2025.
According to official assessments, the strengthening of the
exchange rate was driven by several key factors, including:
* higher export revenues;
* a notable rise in international remittances;
* increased foreign borrowing;
* relative stabilization of import payment volumes;
* growth in investment flows, including foreign direct
investment (FDI).
This inflow contributed to strengthening the supply side of the
domestic foreign exchange market.
