Money transfers to Azerbaijan from abroad decline by 31%

17:27 - 25.04.2024


April 25, Fineko/abc.az. Over Jan-Mar 2024, 465.2 million manats were received by banks in Azerbaijan through fast money transfer systems. The amount of finances sent from banks abroad in Azerbaijan amounted to 129 million manats.

ABC.AZ reports with reference to the Central Bank of Azerbaijan that compared with Jan-Mar 2023, the finances received by banks through fast money transfer systems decreased by 30.9%, or 207.6 million manats, and transfers from Azerbaijan abroad - by 26.2%, or 45.8 million manats.

Over Jan-Mar 2023, 672.8 million manats were received by banks through fast money transfer systems in Azerbaijan. The amount of finances sent from abroad totaled 174.8 million manats.