BAKU, Azerbaijan, September 15. The volume of
remittances entering Azerbaijan amounted to $748.46 million, and
the remittances abroad $207.8 million in the first six months of
2026, Director of the Statistics Department at the Central Bank of
Azerbaijan (CBA), Samir Nasirov, said at a briefing dedicated to
the release of balance of payments data today, Trend's correspondent
reports from the event.
Nasirov noted that inflows of net remittances in the secondary
income balance amounted to $540 million.
"The volume of incoming remittances rose by 40 percent, reaching
$748 million. The primary source countries for these inflows are
Russia, Türkiye, the U.S., Ireland, and Georgia. Meanwhile,
outgoing remittances fell by 13% to $207.8 million; the main
destination countries in this category include Türkiye, the U.S.,
Russia, and Georgia," the department director emphasized.
Touching upon the dynamics of the services balance, the CBA
official noted that the $1 billion deficit in this area is linked
to construction and business services within the oil and gas
sector.
"Nevertheless, surpluses of $941 million in transport services
and $138 million in tourism services significantly reduced this
deficit. The deficit in the primary income balance narrowed by 16%,
settling in the range of $907–908 million," he explained.
Nasirov also said that a deficit of $3 billion was recorded in
the capital and financial account. According to him, this deficit
was driven by a $3.3 billion increase in foreign financial assets
and an increase of approximately $300 million in foreign financial
liabilities. At the same time, noting a $1.4 billion growth in the
realized portion of the balance of payments' reserve assets, the
department director also disclosed the country's foreign currency
capacity.
"Our strategic foreign currency reserves stood at $85.8 billion
at the end of six months, and by the end of eight months, this
figure had risen further to reach $90.8 billion," he added.
