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Finance 31/12/2013 Remittance turnover between Uzbekistan and Russia grows by 16%
Remittance turnover between Uzbekistan and Russia grows by 16%
Tashkent, Uzbekistan (UzDaily.com) -- Total volume of money transfers between Uzbekistan and Russia grew by 16% year-on-year in the third quarter of 2013 – from US$2.077 billion to US$2.409 billion.

According the Central Bank of Russia, total sum of remittances from Russia to Uzbekistan made up US$2.258 billion soums in the third quarter 2013 against US$1.969 billion in same period of 2012. The growth rate made up 14.67%.

At the same time, average sum of one operation from Russia to Uzbekistan made up US$653 in the third quarter of 2013 against US$655 in the same period of 2012 (-0.3%), the regulator said.

The volume of money transfers from Uzbekistan to Russia rose from US$108 million in the third quarter of 2012 to US$151 million in the third quarter of 2013 (+39.81%). The average sum of one transaction grew from US$1,893 to US$2,065 in the reporting period.

Uzbekistan, Tajikistan and Ukraine were the leaders on the volume of money transfers with Russia among the CIS states in the third quarter of 2013.

In the reporting period, the volume of remittance turnover between Russia and Tajikistan made up US$1.524 billion (US$1.28 billion in 3Q 2012) and Ukraine – US$908 million (US$804 million).

The Central Bank of Russia monitors such money transfer systems as Anelik, BLIZKO, Coinstar Money Transfer, Contact, InterExpress, Migom, MoneyGram, PrivatMoney, UNIStream, Western Union, Aziya Express, ALLYUR, Blitz, Bystraya Pochta, Zolotaya Korona and LIDER, as well as Pochta Rossii.

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