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Money transfers to Georgia increase

Georgia Materials 15 November 2021 16:53 (UTC +04:00)

BAKU, Azerbaijan, Nov. 15

By Maryana Akhmedova – Trend:

The volume of remittances inflow to Georgia from January through October 2021 amounted to $1.9 billion, compared to $1.8 billion over the same period of 2020, Trend reports via statistical data of the National Bank of Georgia (NBG).

The remittances in Georgia in October 2021 amounted to $206.6 million, which is $3.1 million less than in September 2021 ($209.7 million), and $24.9 million more than over the same period of 2020 ($181.7 million).

TOP-10 countries with largest amount of transferred money into Georgia in October 2021:

Russia – $36.2 million;

Italy – $33 million;

the US – $23.7 million;

Greece – $19.1 million;

Israel – $15.2 million;

Germany – $10.8 million;

Turkey – $8.5 million;

Kazakhstan – $7.3 million;

Ukraine – $7.2 million;

Azerbaijan – $7.1 million.

Meanwhile, money transfers from Georgia from January through October 2021 amounted to $251.7 million, which is an increase of 25.6 percent compared to $200.3 million over the same period of 2020.

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