BAKU, Azerbaijan, October 31. The volume of card transactions of foreign citizens in Azerbaijan increased by 22.35 percent or 363 million manat ($213.5 million) from January through September 2024.
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 1.9 billion manat ($1.1 billion) through bank cards (1.6 billion manat ($941 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), August - 251.4 million manat (growth by 25.14 percent), September - 265.2 million manat (growth by 42.43 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; in February - 162.3 million manat ($95.4 million), in March - 218.1 million manat ($128.2 million), in April - 126 million manat ($74.1 million) , in May - 173.4 million manat ($101.9 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.