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Kazakhstan records growth in remittances to Azerbaijan since early 2021

Finance Materials 26 November 2021 21:02 (UTC +04:00)
Kazakhstan records growth in remittances to Azerbaijan since early 2021

BAKU, Azerbaijan, Nov. 26

Trend:

The number of remittances made from Kazakhstan to Azerbaijan in October 2021 grew since the beginning of the year, Trend reports citing the data of the National Bank of Kazakhstan.

According to the data, this figure equaled 2,700, which is 12.5 percent more than in January 2021, and 3.8 percent less than in the previous month.

The amount of remittances reached 1.4 billion tenge ($3.4 million), up by 23.6 percent and 9.6 percent compared to January and September this year, respectively.

The share of Azerbaijan in remittances from Kazakhstan made up 1.2 percent in terms of quantity and 1.6 percent in terms of amount.

The number of remittances from Kazakhstan to Azerbaijan in 10 months of 2021 exceeded 25,000 for a total amount of over 11.4 billion tenge ($23.4 million).

The volume of remittances from Kazakhstan abroad amounted to 226,700 transactions worth 92.6 billion tenge ($214.4 million).

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