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Azerbaijan Sees Significant Growth in Money Transfer Surplus


Baku:Azerbaijan’s positive balance of money transfers has seen a remarkable increase, exceeding $830 million for the period from January to September this year.



According to Azeri-Press news agency, the difference between money transfers received by Azerbaijan and those sent abroad amounted to $830.5 million during this period, as reported by APA-Economics. This reflects a significant increase of 70% compared to the same period last year.



Preliminary data from the Central Bank of Azerbaijan indicates that the positive balance for the nine-month period was $79.5 million higher than the figure for January to August, which stood at $751 million.