money transfers

The volume of money transfers from Russia to neighboring countries continued to decline in 2024, according to data from the central banks of Kazakhstan, Georgia, Armenia, and Azerbaijan analyzed by RB...

In 2023, $ 550.1 million were transferred from Azerbaijan to foreign countries, excluding capital operations. This was announced by the Central Bank of Azerbaijan.

In a stark revelation, the Central Bank's monetary policy review for 2023 disclosed a significant downturn in cash inflows to Azerbaijan, sounding alarms over the nation's economic resilience. The rep...

Note that of the $401.7 million transferred from Azerbaijan abroad in January-September 2023, 65.8%, or $264.4 million, went to 5 countries.