Remittances From Azerbaijan To US Shrink


(MENAFN- AzerNews) In 2023, $54.8 million was transferred from Azerbaijan to theUS, 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 thetotal volume of transfers abroad increased from 20.6% to 10%year-on-year.

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

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

MENAFN13042024000195011045ID1108090290


AzerNews

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.