BAKU, Azerbaijan, August 5. The number of transactions from Kazakhstan to Azerbaijan made up 2,800 for a total of 1.7 billion tenge ($3.5 million) in June 2022, Trend reports citing the National Bank of Kazakhstan.
Azerbaijan's share accounted for 1.1 percent out of Kazakhstan's total remittances and 1.6 percent of the overall amount.
Meanwhile, money transfers from Kazakhstan to Azerbaijan decreased by 9.6 percent, whereas their total amount – by 19.2 percent, compared to June 2021.
As many as 263,200 transactions in the amount of 104 billion tenge ($217.5 million) were carried out in June 2022.
The remittance amount rose by 3.6 percent, while its volume grew by 6.1 percent compared to May 2022. Compared to June 2021, the number and volume of money transfers increased by 3.4 percent and 1.4 percent, respectively.