BAKU, Azerbaijan, June 8. The volume of money transfers to Azerbaijan in 2022 increased by 3.2 times, Trend reports.
According to the Central Bank of Azerbaijan, this figure amounted to $3.6 billion. The volume of transfers from the country increased by 0.5 percent - up to $700 million. As a result, the money transfers showed a positive balance of $2.9 billion.
In 2022, the most money transfers were made from Russia and amounted to $2.9 billion (an increase of 4.8 times), which is 82 percent of all transfers of individuals.
Meanwhile, the TOP-5 countries from which money transfers of individuals were made to Azerbaijan also include transfers from the US amounting to $155 million (an increase of 2.1 times), Türkiye reaching $122 million (an increase of 13.3 percent), Germany amounting to $53.5 million (an increase of two times) and the UK reaching $33.9 million (an increase of by 4.9 percent).