BAKU, Azerbaijan, April 16. The volume of remittances from individuals in Azerbaijan to Italy considerably increased in 2023, Trend reports.
The data from the Central Bank of Azerbaijan showed that this figure exceeded $7 million, up 2.27 times from 2022.
The share of remittances to Italy in total remittances is 1.3 percent.
To note, the total remittances from individuals in Azerbaijan to foreign countries amounted to $550.12 million.
The volume of remittances from Azerbaijan abroad in 2022 equaled $664.79 million.