Caspian Money Transfer will start a campaign of transfer to Georgia
The only system of international money transfers from Azerbaijan - Caspian Money Transfer has announced the launch of the cash transfers to Georgia.
Under the terms of the action, from November 1 this year to February 28, 2013, for transfers, through the system of "Caspian Money Transfer" from Azerbaijan to Georgia (in favor of the banks Kor Standart Bank and Liberty) customers will pay a commission of 1.5%. However, they can send remittances to Georgian banks Kor Standart Bank and Liberty Bank for just 1% from the branches and offices of Zaminbank (the clearing bank system).
Operations under the Caspian Money Transfer take up to 5 minutes, and the commission is 1.5-2% and is levied only on the sender. The total number of service outlets today is about 130 thousand, covering 190 countries. Agents of the system are 21 of the 44 banks operating in the country. -15D -
-
- Economics
- 31 October 2012 16:21
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review