BAKU, Azerbaijan, June 16. The volume of money transfers from Azerbaijan to Georgia significantly decreased in May 2022, Trend reports via the National Bank of Georgia (NBG).
Money transfers from Azerbaijan to Georgia in May 2022 amounted to $4.6 million, which is a decrease of 39.4 percent, compared to $7.6 million over the same period of 2021.
Meanwhile, the total volume of money transfers from Georgia to Azerbaijan in May 2022 amounted to $2.1 million, which is an increase of 50 percent compared to the same month of 2021 ($1.4 million).
Overall, the total volume of money transfers to Georgia in May 2022 amounted to $505.7 million, which is 2,7 times more compared to $187.7 million over the same month of 2021.