Turnover urgent remittances in the banking system of Azerbaijan amounted to the equivalent of 2,152,100,000 manats ($ 2.7 billion) in 2013.
As compared with 2012 is more on 363.7 million or 20.3%. The share of revenue accounted for 80 % or 1.37 billion manat.
In December, turnover amounted to 221.5 million translation manat, an increase compared with last December by 27%.
According to the Central Bank of Azerbaijan , the total number of cases reported last year, remittances equal to 3512 thousand , including those received - 2526.1 thousand.
Today Azerbaijan in various banks there are involved about 20 international systems of urgent money transfers. Traditionally in Azerbaijan revenue significantly exceeds the sum of shipments. Most translations done by our citizens are located on earnings in the CIS countries, mainly in Russia and Ukraine. Average amounts sent in December amounted to 794.5 manat, and average received amounted to 647.2 manat. Rates for transfers to CIS countries vary in the range of 1.5-6 per cent, depending on the amount transferred. The lowest fees are offered by Leader (1.3%), Contact (1.5%) and Golden Crown (1.5). The highest rate is in Western Union, so according to the tariff table, the transfer commission per $ 100 units is 6%, and for CIS countries this figure is even 15 per cent. -15B-
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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