BAKU, Azerbaijan, September 21. The volume of card transactions of foreign citizens in Azerbaijan increased by 18.84 percent or 233 million manat ($137 million) from January through July 2024.
The data obtained by Trend from the country's Center for Analysis of Economic Reforms and Communications shows that from January through July of this year foreign citizens in Azerbaijan made transactions worth 1.4 billion manat ($823 million) through bank cards (1.2 billion manat ($705 million) in the reporting period of last year).
Meanwhile, the number of transactions in January was 187.9 million manat ($110.5 million) (a growth of 9.56 percent), February - 184.3 million manat ($108.4 million) (growth of 13.56 percent), March - 173.7 million manat ($102.1 million) (reduction by 20.36 percent), April - 210 million manat ($123.5 million)(growth by 45.23 percent), May - 225.8 million manat ($132.8 million)(growth by 30.22 percent), June - 221.7 million manat ($130.4 million) (growth by 49.19 percent), July - 267 million manat ($157 million) (growth by 22.03 percent).
To note, the volume of card transactions of foreign citizens in Azerbaijan in 2023 increased by 1.77 percent or 38.1 million manat ($22.4 million) (up to 2.1 billion manat ($1.2 billion)).
The foreign citizens in Azerbaijan made transactions worth 171.5 million manat ($100.8 million) through bank cards in January, 162.3 million manat ($95.4 million) in February, 218.1 million manat ($128.2 million) in March, 126 million manat ($74.1 million) in April, 173.4 million manat ($101.9 million) on May, 4 million manat ($2.3 million) in June - 148.6 million manat ($87.4 million), in July - 218.8 million manat ($128.7 million), in August - 200.9 million manat ($118.1 million), in September - 186.9 million manat ($109.9 million), in October - 203.6 million manat ($119.7 million), in November - 181.8 million manat ($106.9 million), in December - 202.7 million manat ($119.2 million).
Following the results of 2022, foreign citizens in Azerbaijan made transactions worth 2.1 billion manat ($1.2 billion) through bank cards.