Money transfers from Azerbaijan abroad declined by 17%

In 2023, $ 550.1 million were transferred from Azerbaijan to foreign countries, excluding capital operations. This was announced by the Central Bank of Azerbaijan. According to the data, this is down by 17.25% from 2022. 67% of annual money transfers were to 5 countries. These are Turkey ($146.1 million, 16% less), Russia ($74.2 million, 18% less), Georgia ($58.85 million, 0.8% less), the United States ($54.8 million, 60% less) and the Unit...

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