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Tuesday May 21 2024

Remittances from Azerbaijan to US shrink

13 April 2024 15:40 (UTC+04:00)
Remittances from Azerbaijan to US shrink

In 2023, $54.8 million was transferred from Azerbaijan to the US, which is 2.4 times less year-on-year, Azernews reports, citing the Central Bank of Azerbaijan (CBA).

The share of money transfers from Azerbaijan to the US in the total volume of transfers abroad increased from 20.6% to 10% year-on-year.

Last year, $73.8 million were transferred from the US to Azerbaijan, which is 34.5% more year-on-year.

In 2023, the share of remittances from the US to Azerbaijan in the total volume of transfers increased from 4.3% to 4.5%.

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