BAKU, Azerbaijan, March 25. The volume of remittances of individuals from Azerbaijan to Uzbekistan amounted to $4.6 million in 2024.
The data obtained by Trend from the Central Bank of Azerbaijan shows that this figure increased by $953,000 or 26 percent compared to the same period of 2023.
The share of Uzbekistan in the total volume of remittances of the country for the reporting year amounted to 0.9 percent.
Moreover, last year the volume of remittances of individuals from Uzbekistan to Azerbaijan amounted to $10.96 million, which is $937,000 or 7.9 percent less than in 2023.
The share of Uzbekistan in the total volume of remittances to the country in the reporting year amounted to 1 percent.
In 2023, the volume of remittances of individuals from Azerbaijan to Uzbekistan totaled $3.7 million, and in the reverse direction - $11.9 million.
In general, in 2024, the volume of remittances made by individuals from Azerbaijan to foreign countries amounted to $526.8 million. This is by $23.4 million or 4.2 percent less than in 2023.
Meanwhile, the volume of remittances of individuals from foreign countries to Azerbaijan in the reporting year amounted to $1.08 billion, which is $571.9 million or 34.6 percent less than in 2023.
