Georgia receives $110m in remittances in January 2018

Georgia received $110 million from abroad in January 2018, while remittances leaving Georgia totalled $15 million, says the National Bank of Georgia.

Last month Georgia received 31.1 percent more in remittances than in January of 2017.

Russia ($30.9 million), Italy ($13.7 million) and Greece ($12.4 million) were the largest remittance senders in January 2018.

Overall, the vast majority (90.4 percent) of all money transfers from abroad came from 12 countries.

After Russia, Italy and Greece, other countries regularly sending money transfers to Georgia in January 2018 included:

• Israel - $ 11.7 million
• United States – $ 10.7 million
• Turkey - $ 8.8 million
• Germany – $ 2.8 million
• Spain - $ 2.7 million
• Ukraine - $1.8 million
• Azerbaijan - $1.4 million
• France - $ 1.2 million
• United Kingdom - $ 1.1 million