BAKU, Azerbaijan, April 30. From January through March 2024, the volume of card transactions by foreign citizens in Azerbaijan decreased by 1.09 percent, or six million manat or $3.5 million, Trend reports via the Center for Analysis of Economic Reforms and Communication.
The center's data shows that foreign citizens in Azerbaijan made transactions worth 545.9 million manat or $321.1 million through bank cards from January through March of this year (551.9 million manat or $324.6 million in the reporting period of last year).
The foreign citizens made transactions worth 187.9 million manat, or $110.5 million, from January through March (a growth of 9.56 percent); 184.3 million manat, or $108.4 million, in February (a growth of 13.56 percent); and 173.7 million manat, or $102.18 million, in March (a decrease of 20.36 percent).
To note, expats' 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, expats in Azerbaijan used bank cards to make transactions totaling 2.155 billion manat (or $1.267 billion).
