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Red ink on current transfer transactions hit $36 million in Azerbaijan

Business Materials 13 June 2013 19:24 (UTC +04:00)

Azerbaijan, Baku, June 13 / Trend, A. Akhundov /

The total value of current Azerbaijani transfers carried out in foreign countries amounted to $0.7 billion from January to March 2013, of which 47.5 percent consist of funds coming into the country, the Azerbaijani Central Bank's balance of payments said on Wednesday.

Some 95.3 percent of the total income of current transfers falls to foreign physical entities' money transfers, 1.5 percent - the cost of humanitarian goods imported into the country, 3.2 percent - other reasons.

In general, the red ink on current transfer transactions amounted to $36.5 million.

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