Azerbaijan news

Money coming to Azerbaijan has increased

Azerbaijan The Central Bank announced the “Monetary Policy Review” regarding the results of the first half of 2022.

According to the document, this year january– in June To Azerbaijan 1 billion 128 million USA dollar bills (Bank, financial institution or money sent through the post) received. This is 2.3 times more than the same period last year. The document does not mention which countries the bills come from.

Economist Nemat Aliyev told RFE/RL that To Azerbaijan increase in the volume of incoming remittances Russian-Ukrainian war may be related to: (On February 24 this year Russia invaded Ukraine. Western countries have imposed sanctions on Russia. To Azerbaijan the most money Russia and sent from Ukraine. Ukraine and Azerbaijanis who could not easily carry out their business activities in Russia were forced to transfer their money to Azerbaijan in some way. Most likely, a large part of this money entered Azerbaijan until the period when the sanctions were applied more seriously. Businessmen took this step in order to protect their funds.

A number who did not want to be named Azerbaijan citizens claim that a large part of the ruble from Russia dollars is sent back from Azerbaijan. However, for the time being, it was not possible to find out the amount of funds transferred abroad from Azerbaijan in the six months of this year.

Radio Liberty



Azerbaijan news

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button