...

Payments by foreign bank cards drops in Azerbaijan

ICT Materials 3 April 2020 09:38 (UTC +04:00)
Payments by foreign bank cards drops in Azerbaijan

BAKU, Azerbaijan, April 3

By Nargiz Ismayilova – Trend:

Foreign citizens spent 158.1 million manat ($89.2 million) through bank cards in Azerbaijan from January through February 2020, which is 8.9 percent less compared to the same period of 2019, said the Export Review of the Center for Analysis of Economic Reforms and Communication (CAERC) of Azerbaijan, Trend reports.

According to the report, foreign citizens spent 72.9 million manat ($42.8 million) in Azerbaijan by bank cards in February 2020, which is 14.4 percent less compared to January 2020, and also 14.5 percent less compared to February 2019.

From January through December 2019, foreign citizens spent over 1.25 billion manat ($735.2 million) using bank cards in Azerbaijan, which is 1.8 percent less compared to 2018.

Foreign citizens spent 1.27 billion manat ($747 million) via bank cards in Azerbaijan from January through December 2019.

(1 USD = 1.7 AZN on April 3)

---

Follow the author on Twitter: @IsmailovaNargis

Tags:
Latest

Latest