Uzbek-Russian money transfers exceed $ 1.1 bn in first quarter
According to the Central Bank of Russia, the total volume of money transfers between Uzbekistan and Russia among individuals increased by 27.8 per cent in the first quarter of 2012 compared to the same period last year and hit $1.158 billion.
In particular, the volume of money transfers from Russia to Uzbekistan in January - March increased by 25.1 percent to $1.031 billion, from Uzbekistan to Russia - by 33.6 percent to $112 million.
The average amount of one transaction from Russia to Uzbekistan amounted to $513 compared to $ 523 in the first quarter of 2012 (2 per cent decrease), and from Uzbekistan to Russia - $1.816 compared to 1.573 a year before (15.5 per cent growth).
Uzbekistan remains the leader among the CIS countries in terms of remittances from Russia among individuals; it's followed by Tajikistan ($771 million), and Ukraine ($673 million)
Uzbekistan was also the leader in terms of money transfer from Russia among physical entities in 2012.
According to the Central Bank of Russia, the total volume of money transfers from Russia to Uzbekistan amounted to $5.669 billion. $3.952 billion were transferred to Tajikistan and $2.982 billion to Ukraine.
The Central Bank of Russia notes that the data covers such systems as Anelik, BLIZKO, Coinstar Money Transfer, Contact, InterExpress, Migom, MoneyGram, PrivatMoney, UNIStream, Western Union, AziyaEkspress, Allure, Blitz, Fast Mail, Gold Crown, LEADER and Russia Post.