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

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.