About money transfers to Azerbaijan

According to the IMF foreign money transfers into Azerbaijan in 2008 were worth USD 1.5 billion. 54% of this sum from Russia.

According to calculations and the people of Azeri origin working in Russia every emigrant sends home approximately USD 120 monthly. Azeri expert Chingiz Valiev suggests that in reality the amount being transferred is higher, because official figures show only the amounts sent through the banks.