The National Bank of Georgia published an interactive press release on Money Transfers Statistics for June, 2024.
In June 2024, the volume of money transfers from abroad constituted USD 281.1 million (GEL 794.3 million), which was 20.9% (USD 74.3 million) less than the amount in June 2023.
96.5% of the total money transfers from abroad came from 25 largest partner countries, with the volume of transfers from these countries each exceeding USD 1 million in June 2024. In June 2023 the share of these 25 countries constituted 96.6% of the total volume of money transfers.
Remittance Statistics For June 2024 - Top 20 Countries
Russian Federation - USD 49 million; decline of 62% y-o-y
USA - USD 48 million; decline of 22% y-o-y
Italy - USD 46 million; decline of 6% y-o-y
Germany - USD 22.4 million; decline - 9% y-o-y
Greece - USD 21.8 million; decline - 6% y-o-y
Israel - USD 20 million; decline - 0% y-o-y
Kazakhstan - USD 11 million; decline (-)37% y-o-y
Turkey - USD 8 million; decline (-) 25% y-o-y
Spain - USD 6 million; decline of 15% y-o-y
Ireland - USD 5.5 million; decline of 28% y-o-y
Kyrgyzstan - USD 5.1 million; decline of 36% y-o-y
France - USD 5 million; decline of 4% y-o-y
United Kingdom - USD 4 million; decline (-4%) y-o-y
Azerbaijan - USD 3.2 million; decline (-7%) y-o-y
Poland - USD 2.9 million; decline 7% y-o-y
Canada - USD 2.3 million; decline of 2% y-o-y
Cyprus - USD 1.8 million; decline (-) 7% y-o-y
United Arab Emirates - USD 1.8 million; decline of 7%
Netherlands - USD 1.6 million; decline of 3% y-o-y
Saudi Arabia - USD 1.4 million; decline of 7% y-o-y
