Bank Of Baku

Money transfer via IBA increases

Money transfer via IBA increases
# 31 March 2011 14:28 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Money transfer via International Bank of Azerbaijan’s Contact, CoinStar, Xpress Money, ABB Express, Blizko, Western Union money transfer system made AZN 13.194 mln, in January-February, 2011. According to CBA, AZN 11.905 mln of this was sent from abroad to Azerbaijan, AZN 1.290 mln from Azerbaijan to abroad.

Totally, money transfer via IBA made AZN 104.882 mln in 2010, which AZN 96.563 mln or 92.1% of this was sent from abroad to the country, AZN 8.318 mln or 7.9% from Azerbaijan to abroad.

Note that, total transfers rose 20.1%, receiving transfers – 18.9% and sent transfers – 36.4%, compared to 2009.
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