ASTANA, Kazakhstan, May 31. Over 1,570 money transfers from Kazakhstan to Azerbaijan through international money transfer systems (IMTS) were made in April 2024, Trend reports.
The data from the National Bank of Kazakhstan shows that the total volume of the above transactions amounted to 994.9 million tenge (about $2.23 million).
Thus, Azerbaijan's share in the number of transactions and the volume of remittances from Kazakhstan in April amounted to 0.8 and 1.5 percent, respectively.
In addition, about 550 money transfer transactions from Azerbaijan to Kazakhstan through IMTS were made for a total amount of 390.8 million tenge (about $878,000). Here, Azerbaijan’s share in the number of transactions and the volume of transfers amounted to 0.7 and 1.9 percent, respectively.
Meanwhile, the total number of money transfers through international money transfer systems (IMTS) in Kazakhstan amounted to 209,400 transactions worth 67.8 billion tenge (about $152.1 million) in April 2024.
Compared to March 2024 (196,200 transactions worth $138 million), there is an increase in the number of transfers by 6.7 percent and in the volume of transactions by 10.2 percent.