In 2023, remittances to Azerbaijan saw a dramatic decrease, reflecting the broader impact of global economic uncertainties. Preliminary estimates indicate that the total volume of remittances fell to approximately $1.655 billion, a significant 45.5% drop from the $3.62 billion recorded in 2022. This sharp decline underscores the challenging economic conditions faced by many expatriates and their families, highlighting the need for innovative financial solutions to navigate these turbulent times.
In response to these challenges, Profee is offering a special promotion to ease the burden on those sending money to Azerbaijan. The Profee clients can now benefit from 0% commission on transfers to Azerbaijan, and enjoy a promotional rate on their first transfer. This initiative aims to provide financial relief and support during these uncertain times, ensuring that funds can be transferred efficiently and cost-effectively.
