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Money transfers from Russia to Azerbaijan observe revival

14.06.2021,16:42


June 14, Fineko/abc.az. Money transfers of individuals from Russia to Azerbaijan in Q1 of 2021 amounted to $119.947 million, ABC.AZ reports with reference to the Central Bank.

Over Jan-Mar 2020 individuals transferred $95.228 million from Russia to Azerbaijan. Thus, in Q1 of 2021 the money transfers of individuals from Russia to Azerbaijan increased by 26%.

Russia ranked first among the countries from which transfers were made to Azerbaijan over Jan-Mar 2021, with share of 52.9% (50.7% for Jan-Mar 2020).