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Money Transfers Hit A Record High In November

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Natia Taktakishvili
15.12.22 17:00
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In November 2022, the volume of remittance transferred into the country amounted to USD 521.2 million (USD 1421.8 million), which was 151.4% or USD 313.8 million more compared to the same rate in November 2021.

The Russian Federation is still in first place, from which remittances in the amount of 316 million accounted for. Compared to the previous year, this amount was 819% more, which was related to the high migration. Italy is in second place with USD 36 million and the USA is in third place with USD 29 million.

Top 10 countries by money transfers in November:

1 Russian Federation - 316 million, an increase of 819% compared to the previous year
2 Italy - 36 million, an increase of 11% compared to the previous year
3 USA - 29 million, an increase of 20% over the previous year
4 Kyrgyzstan - 20 million, an increase of 206% compared to the previous year
5 Greece - 19 million, an increase over the previous year -2%
6 Israel - 17 million, an increase of 1% over the previous year
7 Germany - 15 million, an increase of 41% over the previous year
8 Kazakhstan - 11 million, an increase of 14% compared to the previous year
9 Spain - 5 million, an increase of 3% over the previous year
10 France - 4 million, an increase of 20% over the previous year

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