BAKU, Azerbaijan, December 15. Since the beginning of this year, Azerbaijan's revenue from the securities portfolio has climbed by 2.2 times, reaching $442 million, Director of the Statistics Department of the Central Bank of Azerbaijan Samir Nasirov said during a media briefing, Trend reports.
He noted that the balance of secondary revenues is constantly positive, but this year it has decreased.
"This is also due to a decrease in the volume of remittances to the country. Last year, the volume of remittances amounted to $2.8 billion; this year, it was 1.28 billion manat ($750 million)," the official explained.
From January through September of this year, the top five leading countries in terms of the volume of remittances to Azerbaijan were Russia (829 million), Türkiye (115 million), the US (57 million), Georgia (26.7 million), and the UK (25.7 million).
The volume of money transfers by individuals to Azerbaijan in 2022 amounted to $3.6 billion, which is 3.2 times more than in 2021. Meanwhile, the volume of transfers from the country increased by 0.5 percent, up to $700 million.
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