Uzbek-Russian money transfer total ups in first quarter

Uzbekistan, Tashkent, June 17 / Trend D. Azizov /

According to the Russian Central Bank, the amount of money transfers between Uzbekistan and Russia in the first quarter increased by 45.5 per cent and amounted to $908 million compared to the same period of 2011.

The amount of money transfers from Russia to Uzbekistan in January - March increased by 46.6 per cent - up to $824 million, from Uzbekistan to Russia - by 37.1 per cent up to $85 million.

The average amount of single money transfers from Russia to Uzbekistan in the first quarter amounted to $523 compared to $511 the previous year and from Uzbekistan to Russia - $1,621 compared to $1,388.

Uzbekistan is still a leader among the CIS countries in terms of money transfers from Russia. Tajikistan ranks second on the amount of money transfers from Russia in the first quarter at $614 million, Ukraine ranks third at $574 million.

Uzbekistan was also the leader in the amount of money transfers from Russia among physical entities in 2011.

According to the Russian Central Bank, money transfers from Russia to Uzbekistan increased by 49.8 per cent up to $4.262 billion in 2011. About $3.166 billion was transferred to Tajikistan compared to $ 2.216 billion a year earlier and $2.607 billion was transferred to Ukraine ($1.809 billion in 2010).

The Russian Central Bank stressed that the data includes such systems as Anelik, BLIZKO, Coinstar Money Transfer, Contact, InterExpress, Migom, MoneyGram, PrivatMoney, UNIStream, Western Union, AziyaEkspress, ALLURE, Blitz, Fast Mail, Golden Crown, the Leader and the Russian Post.

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