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Finance 17/07/2025 Uzbekistan’s Banks Purchase US$9.1 Billion from the Public in First Half of 2025

Uzbekistan’s Banks Purchase US$9.1 Billion from the Public in First Half of 2025

Tashkent, Uzbekistan (UzDaily.com) — In the first six months of 2025, the total volume of foreign exchange transactions between banks and individuals in Uzbekistan reached US$14.5 billion, representing a 24% increase—or US$2.8 billion—compared to the same period of last year, according to the Central Bank of Uzbekistan.

During the reporting period, banks purchased US$9.1 billion from citizens, which is 27% higher than in the first half of 2024.

Meanwhile, the volume of foreign currency sold by banks to individuals amounted to US$5.4 billion, reflecting an 18% year-on-year increase.

An analysis of transaction channels shows that traditional currency exchange offices accounted for the largest share—US$8.4 billion, or 58% of the total. Compared to the previous year, the volume of transactions through these outlets grew by 16%.

Remote channels demonstrated significant growth: foreign exchange transactions conducted via online services totaled US$5.9 billion, which is 36% more than the previous year.

Transactions carried out through 24/7 ATMs amounted to US$252 million, a 32% increase.

As a result, the volume of foreign currency purchased by banks from individuals exceeded the amount sold by US$3.7 billion. This surplus helped strengthen the supply on the domestic currency market and supported its overall stability.

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