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Russian Central Bank States Red Balance in Transboundary Money Transfer with Azerbaijan

Business Materials 19 September 2007 12:23 (UTC +04:00)

Azerbaijan, Baku / Trend corr S. Babayeva / Azerbaijan's share in transboundary money transfers carried out through money order systems and the Post of Russian Federation in the 1st quarter of 2007 made up $147mln from a total turnover of $2,405mln, according to the Russian Central Bank.

A total of $8mln was transferred from Azerbaijan to Russia and $139mln from Russia to Azerbaijan. Thus, a balance in the sum of $132mln in the red was shown.

Money transfers between Georgia and Russia comprised $137mln with a red balance of $121mln.

The highest index among CIS countries is Uzbekistan, which transferred $44mln to Russia and received $326mln. Uzbekistan's share in the general turnover amounted to $369mln.

Uzbekistan is followed by Tajikistan ($341mln share in money transfer), Ukraine ($339mln), Armenia ($225mln), Moldova ($184mln), Kyrgyzstan ($171mln), Kazakhstan ($78mln), Belarus ($23mln) and Turkmenistan ($7mln).

The total of money transfers implemented between Russia and CIS countries amounted to $2.021mln.

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