The volume of currency transactions carried out by the population in Uzbekistan has increased sharply. According to a new report by the Central Bank, in January-September of this year, individuals sold 15.2 billion US dollars in foreign currency to commercial banks. This is almost 1.3 times more than in the same period last year.
According to the Central Bank's analysis, the population's activity in purchasing foreign currency has also increased. That is, over the past nine months, citizens purchased $8.5 billion in foreign currency through banks. This figure is 23 percent higher than in 2024.
The difference between supply and demand, that is, the difference between the currencies sold and bought by the population, amounted to 6.7 billion dollars. This figure is 1.4 times higher than last year.
According to the bank, the main reason for this growth is the increase in the volume of remittances from abroad. In the first nine months of 2025, the country received $13.9 billion - 24% more than in 2024.
According to experts, money sent from abroad serves as the main source of the population's activity in selling currency through banks. This situation contributed to an increase in the supply of dollars in the domestic foreign exchange market and an increase in the stability of the soum.
Also, according to the results of the Central Bank's analysis, since the beginning of 2025, the dollar exchange rate against the sum has strengthened by 6.4 percent. However, at the same time, it was noted that exchange rate volatility has also doubled.
Financial experts attribute this situation to several factors. Among them are the growth of export volumes, an increase in the inflow of foreign investments, the expansion of the volume of incoming currencies through international loans and remittances, as well as the maintenance of a balanced import volume.
According to economists, these positive trends in the domestic foreign exchange market are important for the stability of the national currency. According to financial institutions, the increase in the supply of foreign currency serves to reduce inflationary pressure and strengthen public confidence.
The Central Bank has identified the further stabilization of the foreign exchange market, ensuring the transparency of financial flows, and creating favorable conditions for the activities of individuals as a priority.
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