According to the Central Bank's review of the domestic foreign currency market, Uzbek households sold commercial banks a record amount of $12.3 billion in foreign currency in the first half of 2026. This figure is almost one and a half times higher than the sales volume for the same period last year, when sales amounted to $9.1 billion.
Foreign currency purchases by individuals also showed growth, but the rate of increase was more moderate. They rose by 26%, reaching $6.8 billion compared to $5.4 billion the previous year.
As a result of this process, the supply of foreign currency from households exceeded demand by $5.5 billion. This positive balance became an additional source of supply in the domestic foreign currency market. Previously, this surplus was $3.7 billion the previous year and $2.6 billion two years ago.
The increase in foreign currency sales by households coincided with higher inflows of international remittances, which brought $9.3 billion to the country in the first half of the year. The maintenance of a surplus of foreign currency supply over private demand, along with the growth of export revenues, contributed to maintaining the stability of the sum. As of the end of June, the exchange rate was 12,009 soms per one US dollar, which has practically not changed since the beginning of the year.
According to a review by the Central Bank of the domestic foreign currency market, international money transfers to Uzbekistan amounted to $9.3 billion USD for the period from January to June 2026.
This figure showed a 13% increase compared to the same period in 2025, when the inflow was $8.2 billion. Furthermore, it exceeded the level of the first half of 2024, which reached $6.5 billion, by 44%.
During the reporting period, outflows through international money transfers amounted to $1.3 billion USD. This volume remained virtually unchanged over the last three years, comparing to $1.25 billion in 2024 and $1.23 billion in 2025.
As a result of this data, the positive balance of cash flows reached $8 billion, an increase compared to $7 billion the previous year.
The Central Bank noted that the inflow of remittances has become one of the most important factors ensuring the stability of the domestic foreign currency market. Together with the increase in export revenues and the growth in foreign currency sales by households, these factors contributed to the supply of foreign currency growing faster than demand, helping to maintain the stability of the national currency.
As of the end of June, the exchange rate was 12,009 soms per one USD, which has not changed since the beginning of the year.
