BAKU, Azerbaijan, June 19. Israel increased the volume of remittances to Azerbaijan in the first quarter of 2024, Trend reports.
The volume of remittances by individuals from Israel to Azerbaijan stood at $3.49 million during the mentioned period.
According to the Central Bank of Azerbaijan, the numbers shot up by a whopping 13.07 percent ($404,000) compared to the previous year.
The share of remittances from Israel in the total volume of remittances was 1.2 percent.
To recall, the volume of remittances by individuals from Israel to Azerbaijan amounted to $13.8 million in 2023.
Additionally, worldwide, Azerbaijan received $1.6 billion in remittances last year.