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Money transfers from Azerbaijan to Georgia down

Georgia Materials 15 August 2022 13:08 (UTC +04:00)
Money transfers from Azerbaijan to Georgia down
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, August 15. Money transfers from Azerbaijan to Georgia significantly decreased in July 2022, Trend reports with reference to the National Bank of Georgia (NBG).

According to the NBG's statistics, money transfers from Azerbaijan to Georgia in July 2022 amounted to $4.5 million, which is a decrease of 32.8 percent, compared to $6.7 million over the same month of last year.

However, the remittance inflows from Georgia to Azerbaijan in the reporting month amounted to $2.3 million, which is an increase of 15 percent compared to the corresponding month of last year ($2 million).

Overall, the total volume of money transfers to Georgia in July 2022 amounted to $306 million, which is an increase of 46.8 percent compared to the same month of 2021 ($208.4 million).

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