BAKU, Azerbaijan, August 16. The volume of remittances from Kyrgyzstan to Georgia increased manifold in July 2022, Trend reports with reference to the National Bank of Georgia.
According to the Bank, money transfers from Kyrgyzstan to Georgia in July 2022 amounted to $9.6 million, which is a fivefold increase compared to the same period of last year ($1.9 million).
Thus, Kyrgyzstan ranked 9th in terms of money transfers to Georgia in July 2022. Russia took first place ($100.5 million), followed by Italy ($35.9 million) and the US ($28.5 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).