BAKU, Azerbaijan, April 3. From January through February 2024, the volume of card transactions by foreign citizens in Azerbaijan increased by 11.5 percent, or 38.4 million manat, or $22.58 million, Trend reports via the Center for Analysis of Economic Reforms and Communication of Azerbaijan.
According to the center's data, from January to February of this
year, foreigners in Azerbaijan used bank cards to make transactions
totaling 372.2 million manat, or $218.94 million.
In January, transactions totaled 187.9 million manat ($110.5
million), whereas in February, transactions totaled 184.3 million
manat ($108.4 million).
Foreign citizens' card purchases in Azerbaijan climbed by 1.77
percent in 2023, totaling 38.1 million manat, or $22.4 million.
Overall, in Azerbaijan, foreign citizens conducted transactions via bank cards totaling 171.5 million manat or $100.9 million in January, 162.3 million manat or $95.47 million in February, 218.1 million manat or $128.3 million in March, 126 million manat or $74.1 million in April, 173.4 million manat or $101.9 million in May, 148.6 million manat or $87.4 million in June, 218.8 million manat or $128.7 million in July, 200.9 million manat or $118.17 million in August, 186.9 million manat or $109.9 million in September, 203.6 million manat or $119.76 million in October, 181.8 million manat or $106.9 million in November, and 202.7 million manat or $119.2 million in December.
In 2022, foreign citizens in Azerbaijan used bank cards to make transactions totaling 2.155 billion manat (or $1.267 billion).
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