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Singapore substantially boosts remittances to Azerbaijan

Finance Materials 15 July 2024 23:15 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 15. The volume of remittances by individuals from Singapore to Azerbaijan amounted to $973,000 in the first quarter of 2024, Trend reports.

According to calculations based on the data of the Central Bank of Azerbaijan, this indicator increased by 64.36 percent compared to the same period last year.

The share of remittances from Singapore in the total volume of remittances is 0.3 percent.

To note, the volume of remittances by individuals from foreign countries to Azerbaijan amounted to $1.6 billion by the end of 2023.

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