BAKU, Azerbaijan, April 13. The total amount of $74 million was transferred from Azerbaijan to Russia in 2023, and this is 21.9 percent less than in 2022, Trend reports, referring to the Azerbaijani Central Bank.
The share of remittances from Azerbaijan to Russia in the total volume of transfers in the reporting period decreased from 13.6 percent to 13.5 percent.
Meanwhile, $1.4 billion was transferred from Russia to Azerbaijan last year. This is 2.8 times less than a year earlier.
The share of remittances from Russia to Azerbaijan in the total volume of remittances fell from 82 percent to 63.3 percent over the year.
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