money transfers

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.