Top countries for most money transfers to Georgia revealed

BAKU, Azerbaijan, April 25. The volume of money transfers to Georgia in March 2022 amounted to $193 million, an increase of 2.6%, compared to $188.1 million in the same month of 2021, reports Trend via the statistical data from the National Bank of Georgia (NBG).

The same figure also increased by 53.4% ​​compared to March 2020 ($125.8 million) and 39.5% compared to the same period of 2019 ($138.3 million).

Meanwhile, Italy ranked first among the countries with the highest amount of money transfers to Georgia in the 2022 reporting period with $36 million, an increase of 20%. , up from $30 million in March 2021.

Russia is second on the list with $27 million in money transferred to Georgia in March 2022. However, the current figure is down slightly by 15.6% from $32 million in the same month of 2021.

The United States ranked third with $25.6 million in remittances to Georgia in the 2022 reporting period, an increase of 6.2% from $24.1 million dollars in March 2021.

Top money transfers to Georgia (February 2022):

Meanwhile, the volume of outflows from Georgia in March 2022 amounted to $23.9 million, a decrease of 3.6%, compared to $24.8 million in the same month. of 2021, and an increase of 17.1%, compared to $20.4 million in March 2020.

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