In 2023, the volume of remittances transferred from Azerbaijan to Italy increased, Azernews reports, citing the Central Bank of Azerbaijan.

According to information, $3M was transferred to Italy by individualswhich is 2.3 times more than same period of the previous year.

The total volume of transfers to Italy increased to $7.3M. In 2022, this indicator was $3.9M.

It should be noted that Turkiye ranks at the first place which the most money was transferred from Azerbaijan last year (with a 26.6% share).

In 2023, the volume of remittances of individuals transferred from Azerbaijan to Israel decreased slightly.

According to information, $274 thousand or 10.7% less money was transferred to Israel last year than in 2022.

With this, the total volume of transfers to Israel decreased to $2M 290 thousand. In 2022, this indicator was $2M 564 thousand.

It should be noted that Turkey was the first country to which the most money was transferred from Azerbaijan last year (with a 26.6% share).