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Remittance inflows from Azerbaijan doubles

Remittance inflows from Azerbaijan doubles

According to the TBC Capital weekly economic review, on November 16-22, annual remittances from Azerbaijan to Georgia doubled, and the increase equaled 203% on November 9-15.

From Russia, annual remittance inflows dropped by 20%, whereas from the Middle East, including Turkey, an upward trend was noticed on November 16-22.

From Armenia, annual remittances went down by 34 percent. If compared to the previous week, remittance inflows increased on November 16-22, with overall annual remittances growing by 10 %.

Remittance inflows from Ukraine, North America, the EU, and the UK continue to trend upwards. 

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