Money transfers to Azerbaijan decreased by 49% in last two years

Baku. 14 November. REPORT.AZ/ In January-September 2016, the volume of remittances from abroad decreased by 34,7%, compared to the same period last year and also by 49,4% compared to the first 3 quarters of 2014.

Report informs, it is said in 9 monthly monetary policy of the Central Bank of Azerbaijan.

According to the survey, in first 9 months of 2016, money transfers in the amount of 586 mln USD carried out to the country from abroad.

This figure was 897 mln USD in first 9 months of 2015 and 1,159 bln USD in first 9 months of 2014.

A reduction in remittances explained by weak economic activity in the partner countries with Azerbaijan.