Remittances to Georgia decline

Finance Materials 6 November 2020 17:16 (UTC +04:00)
Remittances to Georgia decline

BAKU, Azerbaijan, November 6

By Tamilla Mammadova – Trend:

In the period from 25 to 31 October, cash inflows to Georgia decreased compared to the previous week and amounted to -8 percent year-on-year, Trend reports via the Georgian TBC Capital.

Inflows from Azerbaijan and Ukraine continue to show the strongest growth, although they are significantly lower than in the previous week.

In addition, North American inflows have sustained strong growth.

The growth rate of inflow from Russia remains negative and amounted to -29 percent.

The growth rates of cash inflows from the Middle East (including Turkey) from October 25 to 31 are in a positive range.

Inflows from the EU and the UK maintain positive growth rates, but are down from the previous week.


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