Money Transfers Increased by 8.6% - the largest countries from which money transfers entered Georgia

04:02 Wed, 26 January

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14.Feb .2020 17:08

Money Transfers Increased by 8.6% - the largest countries from which money transfers entered Georgia

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The volume of money transfers to Georgia in January 2020 was $125.6 million, which is 8.6 per cent increase compared to January 2019, announces the National Bank of Georgia.

The largest countries from which money transfers entered Georgia were the following:

Russia - $26.17 million (20.83%)
Italy – $21.06 million (16.76%)
Greece – $14.87 million (11.83%)
US – $13.56 million (10.8%)
Israel – $13.09 million (10.42%)
Turkey – $6.6 million (5.25%)

$18.5 million was transferred from Georgia to foreign countries in January 2020, which is 19.1 per cent more than it was in January 2019.

More than one-third of money transfers came in from the European Union:

EU countries - $52.45 million (41.75%)
Other countries - $73.18 million (58.25%).