Instant money transfers to Azerbaijan up

The instant money transfers worth 165 million manats ($97 million) were made in Azerbaijan in January-February 2023.

Some 40.3 million manats ($23.7 million) were sent from Azerbaijani banks abroad, Caliber.Az reports citing the Central Bank of Azerbaijan (CBA).

Money transfers to Azerbaijan increased by 59.7 per cent or 61.7 million manats ($36.3 million), while money transfers from Azerbaijan abroad decreased by 34.2 per cent or 20.9 million manats ($12.3 million) in January-February 2023 compared to January-February 2022.