BAKU, Azerbaijan, November 29. The volume of card transactions of foreign citizens in Azerbaijan increased by 22.52 percent, or 411.7 million manat ($242.1 million), in the period from January through October 2024, Trend reports via Azerbaijan's Center for Analysis of Economic Reforms.
According to the information, foreign citizens in Azerbaijan made transactions worth 2.2 billion manat ($1.2 billion) via bank cards in the reporting period of the current year (1.8 billion manat ($1.05 billion) in the same period last year).
Meanwhile, In January, transactions were made for the amount of 187.9 million manat ($110.4 million) (an increase of 9.56 percent), in February - 184.3 million manat ($108.3 million) (an increase of 13.56 percent), in March - 173.7 million manat ($102.1 million) (a decrease of 20.36 percent), in April - 210 million manat ($123.4 million) (an increase of 45.23 percent), in May - 225.8 million manat ($132.7 million) (an increase by 30.22 percent), in June - 221.7 million manat ($130.3 million) (an increase of 49.19 percent), in July - 267 million manat ($157 million) (an increase of 22.03 percent), in August - 251.4 million manat ($147.8 million) (an increase of 25.14 percent), in September - 265.2 million manat ($155.9 million) (an increase of 42.43 percent), in October - 252.7 million manat ($148.5 million) (an increase of 24.12 percent).
However, the volume of card transactions by foreign citizens in Azerbaijan increased by 1.77 percent, or 38.1 million manat ($22.4 million) (up to 2.1 billion manat ($1.2 billion)) in 2023.
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 ($74.09 million) in April, 173, 4 million manat ($101.7 million), in June - 148.6 million manat ($87.3 million), in July - 218.8 million manat ($128.6 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 ($119.1 million).
Foreign citizens in Azerbaijan made transactions worth 2.1 billion manat ($1.2 billion) through bank cards in 2022.