Volume of remittance between Russia and Uzbekistan falls by 2.79 times in 3Q

Tashkent, Uzbekistan (UzDaily.com) -- Total volume of remittance between Uzbekistan and Russia fell from US$2.227 billion in the third quarter of 2014 to US$797 million in the reporting period, decreasing by 2.79 times year-on-year, according to the Central Bank of Russia.

The Central Bank of Russia said that the volume of remittances from Russia to Uzbekistan decreased by 2.83 times year-on-year to US$725 million in the third quarter of 2015. The remittances from Uzbekistan to Russia made up US$72 million in the third quarter of 2015, which decreased by 2.44 times year-on-year.

Average sum of remittance from Russia to Uzbekistan fell from US$648 to US$482, and from Uzbekistan to Russia – from US$2,058 to US$1,572.

At the same time, in nine months of 2016, total sum of remittances between Uzbekistan and Russia fell by 2.3 times – US$2.195 billion.

In nine months of 2015, the volume of money transfers from Russia to Uzbekistan made up US$1.874 billion, decreasing by 2.45 times year-on-year.