Turnover of money transfers in the banking system of Azerbaijan made in January-July 2012 the equivalent of AZN 940 million ($ 1,195.8 million). Compared with the corresponding period last year, it's more on 163.9 million or 21.1%. While revenue doubled the amount of shipments, which in turn increased by 54.7% compared to the same period last year.
In July, turnover transfers made 155.3 million manat, up from last year's July by 15%.
According to the Central Bank of Azerbaijan, the average amount sent increased from AZN 877.3 in January to 967.6 manat in July, and the average taken was down from 594.7 to 535.6 manat. The number of sent transactions grew from 44 thousand to 55,600, and the number of those received grew from 113,000 to 189,500.
The total number of recorded remittances in the period was equal to 1,418.1 thousand, including those received - 1,061.7 thousand. - 15B -
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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