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Significant Increase in Money Transfers from Azerbaijan to Kazakhstan

From January to September 2024, the volume of remittances from Azerbaijan to Kazakhstan amounted to $7.32 million.

According to data from the Central Bank of Azerbaijan, this figure represents a 51.87% increase, or an additional $2.5 million, compared to the same period last year.

Remittances to Kazakhstan accounted for 1.8% of the total volume of money transfers.

In 2023, the total volume of remittances from Azerbaijan to Kazakhstan reached $7.476 million.

It is also worth noting that in 2023, the total amount of remittances from foreign countries to Azerbaijan was $1.654 billion.

Source
Trend.az

TuraNews

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