Georgia receives $125m in remittances in September 2017

The sum of money coming into Georgia in January 2016 was 11.8 percent less year-on-year (y/y) said NBG. Photo by N. Alavidze/Agenda.ge.

Agenda.ge, 16 Oct 2017 - 18:40, Tbilisi,Georgia

Georgia received $124.4 million from abroad in September 2017, while remittances leaving Georgia totalled $19 million, says the National Bank of Georgia.

Last month Georgia received 24.2 percent more in remittances than in September of 2016.

Russia ($40.7 million), Italy ($13 million) and Greece ($13 million) were the largest remittance senders in September 2017.

Overall, the vast majority (92.9 percent) of all money transfers from abroad came from 14 countries.

After Russia, Italy and Greece, other countries regularly sending money transfers to Georgia in September 2017 included:

United States – $12.6 million
Israel - $11.6 million
Turkey - $9.5 million
Spain - $3.1 million
Germany – $3.1 million
Ukraine - $2.2 million
United Kingdom - $1.6 million
Kazakhstan -$1.5 million
France - $1.2 million
Azerbaijan - $1.1 million
Canada - $1.1 million