Money Transfers in Georgia up in May

In May 2018, the volume of money transfers from abroad to Georgia amounted to $130.4 million (320.1 million GEL), which is 13% ($15 million) more than the amount of money transfers in May 2017.

The information was released by the National Bank of Georgia (NBG), which says that 93.1% of the total money transfers from abroad came from the 16 largest donor countries, with the volume of transfers from these countries each exceeding $1 million in May 2018.

In May 2017, the share of these 16 countries constituted 93.0% of the total volume of money transfers. 

In May 2018, $19.6 million (48.2 million GEL) was transferred from Georgia, which is around $1.4 million more compared to the data of May 2017 - $18.2 million (44.1 million GEL).

The volume of money transfers from foreign countries to Georgia in May 2018 was as follows:

  1. Russia - $37.84 million
  2. USA - $12.11 million
  3. Italy - $11.68 million
  4. Greece - $11.71 million
  5. Turkey - $10.02 million
  6. Israel - $9.43 million
  7. Spain- $3.07 million
  8. Germany - $2.80 million
  9. Ukraine - $2.05 million
  10. UK - $1.41 million
  11. Azerbaijan - $1.35 million
  12. France - $1.16 million
  13. Kazakhstan - $1.14 million
  14. Canada - $0.84 million
  15. Cyprus - $0.51 million
  16. Poland - $0.18 million

By Thea Morrison

 

18 June 2018 11:00