During the week of September 14-20, remittances increased by 17%.
The weekly review of TBC Capital reveals the numbers.
According to the document, cash inflows from Azerbaijan and Ukraine continue to grow. Also, inflows from Armenia and North America maintain a high growth rate as well.
Remittances from Azerbaijan increased by 289% in the week of September 31-6. On September 7-13, money transfers increased by 204%, while remittances from Azerbaijan increased by 253% in the period September 14-20.
In the case of Ukraine, remittances increased by 341% last week.
The growth rate of inflows from Russia is still negative and reduced by 16% by September 14-20.
The growth of cash inflows from the EU and the UK continues to maintain a double-digit growth rate. The rate increased by 27% for September 7-13 and by 26% for September 14-20.