Volume Of Remittance From Azerbaijan To Italy Increases


(MENAFN- AzerNews)
Volume Of Remittance From Azerbaijan To Italy Increases Image
Ulviyya Shahin Read more

In 2023, the volume of remittances transferred from Azerbaijanto Italy increased, Azernews reports, citing theCentral Bank of Azerbaijan.

According to information, $3M was transferred to Italy byindividualswhich is 2.3 times more than same period of the previousyear.

The total volume of transfers to Italy increased to $7.3M. In2022, this indicator was $3.9M.

It should be noted that Turkiye ranks at the first place whichthe most money was transferred from Azerbaijan last year (with a26.6% share).

In 2023, the volume of remittances of individuals transferredfrom Azerbaijan to Israel decreased slightly.

According to information, $274 thousand or 10.7% less money wastransferred to Israel last year than in 2022.

With this, the total volume of transfers to Israel decreased to$2M 290 thousand. In 2022, this indicator was $2M 564 thousand.

It should be noted that Turkey was the first country to whichthe most money was transferred from Azerbaijan last year (with a26.6% share).

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AzerNews

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