About $295 million transferred to Azerbaijan from abroad in first quarter of 2024
About $295 million transferred to Azerbaijan from abroad in first quarter of 2024
In the first quarter of 2024, $294.4 million was transferred to Azerbaijan from abroad. This was reported by the Central Bank of Azerbaijan.
According to the data, this is up by 34.8% from the same period of 2023.
During the quarter, Russia accounted for $155.4 million received in the country. Remittances from that country have fallen by 50.3% over the past year, while our northern neighbor's share of remittances fell from 69.2% to 52.8%.
In return, remittances from Turkey to Azerbaijan rose by 22.3% to $39.9 million, while the country's share in remittances rose from 7.2% to 13.6%.
Other countries in the top 5 in terms of remittances include the US ($14.4 million, down 9%), Georgia ($9.3 million, up 50%) and the UK ($8.3 million, down 9.9%).
Finance
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Chairman of the Central Bank of Azerbaijan Taleh Kazimov has met with World Bank Vice President for Europe and Central Asia Mrs Antonella Bassani in the US capital Washington. This was reported by the chief banker himself.
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The Central Bank of Azerbaijan has published a review of credit unions on the results of January-September 2024.
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The Central Bank of Azerbaijan has published a review of non-bank credit institutions on the results of January-September 2024.
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The Central Bank of Azerbaijan has published a banking review on the results of January-September 2024.
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