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Money transfers from Azerbaijan to Georgia increase by over quarter

Business Materials 7 January 2014 18:40 (UTC +04:00)
Around $13,181 million was transferred from Azerbaijan to Georgia in Jan.-Nov. 2013 which accounts for about 1 percent of the total volume of money transferred to the country during the reporting period.

Baku, Azerbaijan, Jan.7

By Emin Aliyev - Trend:

Around $13,181 million was transferred from Azerbaijan to Georgia in Jan.-Nov. 2013 which accounts for about 1 percent of the total volume of money transferred to the country during the reporting period, Georgian National Bank told Trend on Jan.7.

The volume of electronic money transfers in this direction increased by 26.87 percent in less than one year, the National Bank said. By comparison, some $10,389 million worth funds were transferred from Azerbaijan to Georgia throughout 2012.

In total, some $1,323 billion was transferred to Georgia in Jan.-Nov. 2013. Over a half of this sum fell to Russia; the volume of transfers from this country was equal to $719,204 million.

The table reflects the TOP-10 countries for the volume of money transfers to Georgia in Jan.-Nov. 2013:

Country

Volume of transfers in million dollars

Specific weigh in total volume in percent

1.

Russia

719.204

54.36

2.

Greece

177.877

13.44

3.

Italy

99.128

7.49

4.

US

67.723

5.12

5.

Turkey

37.57

2.84

6.

Ukraine

37.342

2.82

7.

Spain

22.734

1.72

8.

Israel

17.988

1.36

9.

Great Britain

17.038

1.29

10.

Germany

15.82

1.2

Total:

1.323.138

100.0

Translated by L.Z.

Edited by C.N.

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