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Transfer receipts to Azerbaijan exceed the outflow of capital by three times

16 December 2008 16:03 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. According to Azerbaijanâ€™s balance of payments January-September, the countryâ€™s total transfer operations with foreign countries amounted to $1 383.6 million.
Of this, 77.2% was receipt of funds by Azerbaijan.
The National Bank of Azerbaijan said transfer receipts by the country reached $1 068.4 million, leaving $315.2 million to transfers from the country.
So, current transfers surplus increased by 4.2%, year-on-year, to $753.2 million.
Remittances to individuals accounted for 94.2% of the receipts from abroad, leaving 2.2% to the value of humanitarian imports and 3.6% to other inflow of funds.
Thus, the transfer receipts exceeded the outflow of capital by three times during this period.