Azerbaijan Substantially Increases Remittances To Uzbekistan

2025-01-01 08:06:25

(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 2. The volume of remittances of individuals from Azerbaijan to Uzbekistan amounted to $3.881 million from January through September 2024.

The data obtained by Trend from the country's Central bank shows that this indicator increased by 45.52 percent, or $1.2 million, compared to the same period last year.

On that account, the slice of remittances heading to Uzbekistan makes up a mere one percent of the whole pie.

According to the results of 2023, the volume of remittances of individuals from Azerbaijan to Uzbekistan amounted to $3.6 million.

To note, the volume of remittances of individuals from foreign countries to Azerbaijan amounted to $1.6 billion by the end of 2023.

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