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Money transfers from Azerbaijan to Ukraine increase

Finance Materials 17 March 2022 13:53 (UTC +04:00)
Money transfers from Azerbaijan to Ukraine increase
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 17. The money transfers of individuals from Azerbaijan to Ukraine increased by 106.8 percent as of 2021 compared to 2020 ($22.5 million) up to $46.6 million, Trend reports with reference to the statistics of the Central Bank of Azerbaijan (CBA).

According to the CBA, money transfers from Azerbaijan increased by 18.86 percent in 2021 compared to 2020 ($556.5 million) up to $661.5 million.

Thus, Ukraine ranked fifth in terms of money transfers from Azerbaijan as of 2021.

The money transfers of individuals from Ukraine to Azerbaijan amounted to $29.9 million in 2021, which is by 46.6 percent more than in 2020 ($20.4 million).

Thus, Ukraine ranked sixth in terms of money transfers to Azerbaijan as of 2021.

According to the CBA, money transfers to Azerbaijan increased by 3.6 percent as of 2021 compared to 2020 ($1.09 billion) up to $1.1 billion.

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