Review of money transfers from abroad to Georgia
BAKU, Azerbaijan, Feb. 14
By Tamilla Mammadova – Trend:
The volume of money transfers from abroad to Georgia constituted $125.6 million in January 2020, Trend reports referring to National Bank of Georgia (NBG).
This is 8.6 percent ($9.9 million) more than the amount in January 2019.
Some 91.4 percent of the total money transfers from abroad came from 14 largest partner countries, with the volume of transfers from these countries each exceeding $1 million in January 2020.
In January 2020, Georgia received money transfers worth $52.4 million from the EU countries, including $21 million from Italy, $14.8 million from Greece, $3.8 million from Germany, $3.4 million from Spain, $1.8 million from Poland, $1.8 million from France and $1.1 million from the UK.
As reported, $26.1 million was sent from Russia, $13.5 million from the US, $13 million from Israel, $6.6 million from Turkey, $3.5 million from Ukraine, $1.9 million from Kazakhstan and $1.7 million from Azerbaijan.
In January 2020, $18.5 million was transferred from Georgia, which is 19.1 percent more compared to $15.5 million in January 2019.
The volume of money transfers from abroad to Georgia constituted $172.3 million in December 2019. This is 14.2 percent ($21.4 million) more than the amount in December 2018.
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