NEWS

Remittances to Georgia increased 14.8 percent y/y in June

Georgia's Finance Minister believes the Lari will further stabilise as the country experiences an increase in tourism and exports. Photo by N. Alavidze/Agenda.ge

Agenda.ge, 16 Jul 2018 - 15:38, Tbilisi,Georgia

More than $135 million was sent to Georgia from abroad during June of this year which is a 14.8 percent increase in remittances y/y.

As seen in the National Bank of Georgia data, most of the remittances to Georgia come from Russia: 29 percent of total remittances or $39 million.

Italy comes in second with $15.6 million and US third with $14.2 million.

On the other hand, 17.9 million dollars have been sent from Georgia to foreign countries during the past month.

Remittances to Georgia in June, 2018:

Russia - 39.2 mln USD (29%)
Italy - 15.6 mln USD (11.5%)
US - 14.2 mln USD (10.5%)
Greece - 13.9 mln USD (10.3%)
Israel - 13.3 mln USD (9.8%)
Turkey – 9.7 mln USD (7.2%)
Germany – 3.6 mln USD (2.7%)
Spain – 3.5 mln USD (2.6%)

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