BAKU, Azerbaijan, March 29. The volume of Azerbaijan's transactions with foreign countries on reinvested (secondary) income amounted to $2.5 billion in 2023, Director of the Statistics Department of the Central Bank of Azerbaijan (CBA) Samir Nasirov said during a media briefing, Trend reports.
"Receipts amounted to $1.8 billion and disbursements amounted to $0.7 billion. In the balance of secondary income, about 93.4 percent came from remittances of individuals from abroad, 5.7 percent - the value of humanitarian goods imported into the country, 0.9 percent - the share of other receipts," he stressed.
To note, remittances to Azerbaijan decreased by 54.3 percent last year from 2022 - to $1.7 billion.
Meanwhile, remittances from Azerbaijan abroad decreased by 17.2 percent - to $600 million.
The total balance of secondary income operations in 2023 amounted to $1.1 billion, remaining positive.
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