Money transfers into Georgia reach $89.9m in October
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Georgia is experiencing less financial inflow from abroad.
The sum of money transfers coming into Georgia in October 2015 was 27.4 percent less year-on-year (y/y), official figures reveal.
National Bank of Georgia (NBG) published latest figures about remittances, which showed the sum of money transfers from abroad constituted $89.9 million USD (215.2 million GEL) in October 2015. This was a $34 million USD reduction than in October 2014.
NBG said 92.7 percent of all remittances from abroad came from 14 big donor countries, with the volume of transfers from each of these exceeding one million USD in October 2015.
In October 2014 the share of remittances from these 14 countries constituted 93.6 percent of the total sum of money transfers into Georgia.
Last month $15.1 million USD (36.1 million GEL) was transferred out of Georgia, while $17 million USD (29.9 million GEL) was sent out of the country in October 2014.
Georgia is experiencing less financial inflow from abroad. The sum of money transfers coming into Georgia in September 2015 was 32.9 percent less year-on-year (y/y), official figures reveal.
The sum of money transfers coming into Georgia in July 2015 was 31.8 percent less year-on-year (y/y).
Despite the ongoing financial crisis in Greece the country is still among the top donor countries in terms of volume of money transfers to Georgia, lagging only behind Russia.
Russia, Greece and Italy top the 12 big donor countries with the volume of money transfers to Georgia.
The sum of money transfers coming into Georgia in November 2015 was 18.3 percent less year-on-year (y/y), official figures reveal.
The sum of money transfers coming into Georgia in January 2016 was 11.8 percent less year-on-year (y/y), official figures reveal.
Russia, Italy and Greece top the 12 big donor countries from where Georgia receives the largest amount of remittances.
The sum of money transfers coming into Georgia in March 2016 was 1.3 percent less year-on-year (y/y), official figures reveal.
Georgia receives $94.8m from 12 donor countries
Georgia is receiving more money from abroad, shows latest figures from the National Bank of Georgia (NBG).