BAKU, Azerbaijan, June 18. The volume of remittances by individuals from Germany to Azerbaijan stood at $5.39 million in the first quarter of 2024, Trend reports.
Calculations based on data from the Central Bank of Azerbaijan show that this figure decreased by 19.6 percent year-on-year.
The share of remittances from Germany in the total volume of remittances was 1.8 percent.
To note, the volume of remittances by individuals from Germany to Azerbaijan amounted to $30.49 million in 2023.
Additionally, the total volume of remittances by individuals from foreign countries to Azerbaijan last year amounted to $1.6 billion.