Russian money transfers to Azerbaijan down
The amount of money transfers to Azerbaijan from Russia has
decreased, according to the Russian central bank.
Average transfers of funds from the neighboring country made up $1.8 million in 2009, or 26% below the 2008 figure.
The overall cash flow between Azerbaijan and Russia amounted to $721 million last year, with $661m wired to the South Caucasus republic from Russia and $60m transferred to Russia from Azerbaijan.
Azerbaijan ranks seventh among the countries of the former Soviet bloc CIS for the volume of Russian money transfers.
The biggest inflow of Russian funds in CIS was reported in 2009 in Uzbekistan, where $2.05 billion was transferred.
The amount of money transferred to Armenia stood at $1,060.*
Average transfers of funds from the neighboring country made up $1.8 million in 2009, or 26% below the 2008 figure.
The overall cash flow between Azerbaijan and Russia amounted to $721 million last year, with $661m wired to the South Caucasus republic from Russia and $60m transferred to Russia from Azerbaijan.
Azerbaijan ranks seventh among the countries of the former Soviet bloc CIS for the volume of Russian money transfers.
The biggest inflow of Russian funds in CIS was reported in 2009 in Uzbekistan, where $2.05 billion was transferred.
The amount of money transferred to Armenia stood at $1,060.*
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!