Why is this important
The record inflow makes transfers a key source of currency in the country and supports supply in the market by reducing exchange rate pressure. Migrant activity and the growth of legal transfer channels are strengthening the role of external income in the economy.
What happened
- Transfer receipts: $15.8 billion, +25% year-on-year.
- Outflow: $2.2 billion, $147 million less than last year.
- The population sold $17.4 billion (+30%) to banks and bought $9.6 billion.
- Currency demand in the economy increased to $48.4 billion (+24%), and supply to $41.2 billion (+26%).
- Business: demand +24%, supply +38%; export revenue — $14.5 billion, of which $8.1 billion was sold in the market (+23%).
- Banks increased currency sales to $7.3 billion (+62%).
- CB forecast: transfer growth in 2026 — 6-10%, medium-term — 8-12%.
What they say
The regulator links the dynamics to the strengthening of migration flows, the expansion of recipient countries for workforce, and the increase in the share of official transfer channels.
Context
Transfers consistently remain one of the largest sources of foreign exchange earnings. In the first half of 2025, they have already grown by 27% to $8.2 billion.
