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Azerbaijan substantially boosts remittances to Switzerland

Finance Materials 16 April 2024 14:26 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 16. At the end of 2023, the volume of remittances of individuals from Azerbaijan to Switzerland amounted to $7.9 million, Trend reports.

According to calculations based on data from the Central Bank of Azerbaijan, this indicator climbed by 66.4 percent compared to the figure for 2022, and transfers to Switzerland account for 1.5 percent of total transfers.

Meanwhile, at the end of 2023, the volume of individual remittances from Azerbaijan to foreign countries totaled $550.1 million.

The volume of remittances from Azerbaijan in 2022 was $664.7 million.

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