The supply of foreign currency in Uzbekistan’s domestic market increased by 31% year-on-year during the first half of 2026, reaching nearly $28 billion, according to the Central Bank.
In its latest review, the regulator said the volume of foreign currency supplied to the market, excluding the Central Bank’s own operations, totaled $27.8 billion between January and June.
During the same period, overall demand for foreign currency rose by 20% to nearly $32 billion. As a result, the growth in supply outpaced the increase in demand.
The Central Bank attributed the rise in foreign currency supply to higher export revenues, increased foreign currency sales by businesses and households, and stronger inflows of international money transfers.
Individuals sold $12.3 billion worth of foreign currency to commercial banks during the six-month period while purchasing $6.8 billion. As a result, household foreign currency sales exceeded purchases by $5.5 billion.
International money transfer systems brought $9.3 billion into Uzbekistan during the reporting period, while $1.3 billion was transferred abroad, resulting in net remittance inflows of $8 billion.
According to the Central Bank, the increase in foreign currency inflows helped maintain the relative stability of the national currency’s exchange rate during the first half of the year.
