15.Jan .2020 16:29

Money transfers to Georgia amount to $172.3 mln in 2019

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The volume of money transfers to Georgia in December 2019 was $172.3 million, which is a 14.2 per cent increase compared to December 2018, announces the National Bank of Georgia.

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

1. Russia - $43.82 million (25.44%)
2. Italy – $23.84 million (13.84%)
3. Greece – $19.6 million (11.38%)
4. US – $16.51 million (9.59%)
5. Israel – $14.55 million (8.45%)
6. Turkey – $8.31 million (4.82%)

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

• EU countries - $65.15 million (37.82%)
• Other countries - $107.12 million (62.18%)

To note, $25.5 million was transferred from Georgia to foreign countries in December 2019, which is 17.7 per cent more than it was in December 2018.