BAKU, Azerbaijan, April 8. Azerbaijan gathered 254,600 transactions through remittance systems from January through February 2025, bringing in 111.8 million manat ($65.7 million) to banks.
Data obtained by Trend from the Central Bank of Azerbaijan indicates that the number of transactions decreased by 14.9 percent, or 44,500, compared to the same period last year, and the total amount decreased by 26.1 percent, or 39.6 million manat ($23.2 million).
Moreover, the average payment per transaction was 439.1 manat ($258.2) during the reporting period, which is 13.2 percent lower than the same period in 2024, a decrease of 67.1 manat ($39.4 million).
Additionally, 86,500 transactions with a total of 37.1 million manat ($21.8 million) were transferred from banks to external recipients. This represents a decrease of 16.5 percent in the number of transactions, or 17,100, compared to the previous year.
For the same period, the average payment per transfer from banks to external recipients was 428.6 manat ($252.1), which is 3.5 percent lower than last year’s figure, a decrease of 15.5 manat ($9.1).
