Samir Nasirov: Most of money transfers sent to Azerbaijan account for Russia

14:55 - 12.06.2024

June 12, Fineko/ Most of the money coming to Azerbaijan from abroad still comes from the Russian Federation.

ABC.AZ reports that CBA Statistics Department’s director Samir Nasirov made this statement at today’s briefing.

He noted that compared with Q1 of 2023, there has been a drop in the total amount of money transfers coming from this country. The reduction in remittances is linked with the Russian-Ukrainian war.
According to the CBA department director, in the 1st quarter of 2024, the country received $294 million in cash. The volume of transfers decreased by 35% against the previous year.