February 2022: money transfers to Georgia up 13.7%
During the month, $26.7 million was transferred abroad, which is 27.5 percent more compared to $21 million in February 2021. Photo: Nino Alavidze/Agenda.ge
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Remittances to Georgia from abroad reached $183.4 million in February 2022, marking a 13.7 percent increase compared to the same month of last year, the National Bank of Georgia (NBG) announced on Tuesday.
The largest remittance senders were in Italy ($32.96 million), Russia ($21.94 million) and the United States ($21.10 million), the data also showed.
Image: NBG
Overall, a vast majority - 93.1 percent - of all money transfers came from 19 countries, with the volume of transfers from these states each exceeding $1 million in February.
In February 2021 the share of these 19 countries constituted 94.6 percent of the total volume of money transfers,” the NBG said.
During the month, $26.7 million was transferred abroad, which is 27.5 percent more compared to $21 million in February 2021.