Bank Of Baku

Azerbaijan sees positive balance on current transfers

Azerbaijan sees positive balance on current transfers
# 16 September 2013 12:23 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. The total amount of transactions on current transfers with foreign countries made AZN $ 1.440 bln, during January-June, 2013.

 

Central Bank of Azerbaijan says that 50.2% or $ 723.0 mln of this is receipts, $ 717.0 mln or 49.8% - transfers from the country.

 

So, $6 mln-positive balance was formed on current transfers. For comparison to a year earlier, $ 120 mln-negative balance was observed. Note that, transfers to the country slid 15.4%, from country – 26.4%.

 

95.8% of total premiums on current transfer are money orders which transferred to individual persons from abroad, 1.7% imported humanitarian goods, 2.5% other premiums.

 

 

 

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