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Kazakhstan reports decrease in money transfers to Azerbaijan

ICT Materials 3 January 2022 10:44 (UTC +04:00)
Kazakhstan reports decrease in money transfers to Azerbaijan

BAKU, Azerbaijan, January 3

By Nargiz Sadikhova – Trend:

The volume of money transactions from Kazakhstan to Azerbaijan amounted to 2,400 transactions in November 2021, which is 11.1 percent less than in October and is almost the same as in January 2021, Trend reports citing Kazakhstan’s National Bank.

The value of money transactions from Kazakhstan to Azerbaijan amounted to 1.2 billion tenge ($2.8 million) in November, which also is 18.8 percent less than in October and is 0.2 percent more than in January 2021.

The share of Azerbaijan in overall volume of money transfers from Kazakhstan abroad stood at 1.1 percent during the reporting month, and in value of transfer at 1.4 percent.

The overall volume of money transfers sent from Kazakhstan abroad equaled 209,500 transfers from a total of 87.04 billion tenge ($201.4 million).

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Follow the author on Twitter: @nargiz_sadikh

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