Remittance euphoria: Expansion or Dependency?

Remittance euphoria: Expansion or Dependency? $1.139 billion was transferred from Russia to Azerbaijan in 2012, according to the Central Bank of Russia. The volume of remittance from Russia to the CIS states reached $20.11bn in 2012 which is almost 22% higher than the indicator of the previous year, Russian media report. Personal transfers represent the income of house economies from abroad from their members and from the family economies of non-residents... Read More

Remittance from Russian to Azerbaijan Increased

Remittance from Russian to Azerbaijan Increased CESD: Amount of remittance was about $ 2 billion in 2011 The volume of individual money transfers from Russia and Azerbaijan made $955m in 2011. According to the Central Bank of Russia reports that the volume of individual transfers from Russia to CIS countries in 2011 reached $16.7bn which is 24% more than in 2010 ($13.5bn). Uzbekistan with $4.9bn (28% growth) has become a leader for the volume of transfers... Read More