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Central Bank of Azerbaijan discloses growth of capital repatriation for year

Finance Materials 17 March 2022 12:43 (UTC +04:00)
Central Bank of Azerbaijan discloses growth of capital repatriation for year
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 17. The repatriation (export) of capital from Azerbaijan increased by 54.5 percent year-on-year to $6.9 billion in 2021, Trend reports with reference to the balance of payments of the Central Bank of Azerbaijan (CBA).

The capital repatriation is formed in the balance of payments as a result of the difference between net financial liabilities in the oil and gas sector (-$2.9 billion) and attracted investments ($4 billion).

The volume of capital repatriation from Azerbaijan increased by $1.2 billion or 38.8 percent in 2020 compared to 2019 - from $3.2 billion to $4.5 billion.

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