15.Jun .2021 11:30

Money Transfers Up By 42.4% In May – The NBG

Money Transfers Up By 42.4% In May – The NBG
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In May 2021, the volume of money transfers from abroad constituted 187.7 million USD (634.7 million GEL), which is 42.4% (55.9 million USD) more than the amount in May 2020, - show the data from the National Bank of Georgia (NBG).

94.6% percent of the total money transfers from abroad came from 19 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in May 2021. In May 2020 the share of these 19 countries constituted 95.1% percent of the total volume of money transfers.

In May 2021, 22.9 million USD (or 77.3 million GEL) was transferred from Georgia, which is 68.5% more as compared to 13.6 million USD in May 2020.