Gulf states deepen financial footprint in Azerbaijan through remittances [ANALYSIS]

Azernews.Az

29 December 2025 13:45 (UTC+04:00)

Qabil Ashirov

In 2025, Azerbaijan’s remittance sector is undergoing a noticeable shift. Historically, the bulk of remittances has originated from post-Soviet countries and Turkiye, with Russia maintaining the largest share. According to the Central Bank, Russia contributed $344 million in the first nine months of 2025, followed by Turkiye with $140 million and the United States with around $74 million. These figures illustrate Azerbaijan’s long-standing reliance on traditional sources.

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