Baku: From January to July 2025, a total of 990.2 million manats were transferred to banks in Azerbaijan via fast money transfer systems.
According to Azeri-Press News Agency, calculations based on the Central Bank of Azerbaijan’s report reveal significant financial activity in the nation’s banking sector during this period.
The volume of funds sent abroad from banks amounted to 280.9 million manats. Compared to the same period of the previous year, the volume of funds received by banks through fast money transfer systems decreased by 6.4% or 68 million manats. Meanwhile, transfers abroad from banks saw a reduction of 7.3% or 22.1 million manats.
In January-July 2024, a total of 1 billion 58.2 million manats were transferred to banks in Azerbaijan through fast money transfer systems, while the volume of funds sent abroad amounted to 303 million manats. The data highlights a notable decline in the volume of both incoming and outgoing transfers this year, reflecting shifting dynamics in the financial transactions landscape.