Money transfers to Azerbaijan increased 5 times

Published: 19 October 2022 12:54

RICK: “Only from Russia in the second quarter of this year To Azerbaijan 1 billion More than $ 100,000 has been transferred.

in 2022 To Azerbaijan remittances have increased compared to the previous 3 years.
276, 20 in 201920197 in 2021 To Azerbaijan 261 million from foreign countries dollars money has been transferred.

This is in 2022 funds 1 billion 283 million dollars has been That is, it has increased 5 times.
“Resource” Economists Club (RIC) states that the 5-fold increase in remittances compared to last year is due to the sharp increase in remittances sent from Russia:

“Only in the second quarter of this year from Russia to Azerbaijan 1 billion More than $ 100,000 was transferred. Since the start of the war (February 24, 2022). Azerbaijan the amount of funds belonging to non-residents in their banks increased from the equivalent of 294 million manats to 876 million manats.

According to the results of the 9th month of 2022, 1.135 billion from Russia to Georgia dollars funds moved. Georgia National According to his bank, this is 4 times more than in the same period of 2021.