Georgia receives $138.4 mln in remittances in March 2019

Georgia received $138.4 million from abroad in March 2019, which is 4.5% more than the amount in March 2018, says the National Bank of Georgia.

Russia ($35.42 million), Italy ($18.95 million) and Greece ($15.95 million) were the largest remittance senders in March 2019.

Overall, the vast majority (93.6%) of all money transfers from abroad came from 17 countries.

After Russia, Italy and, Greece other countries regularly sending money transfers to Georgia in March 2019 included:

• United States – $14.76 million
• Israel – $13.14 million
• Turkey – $8.28 million
• Germany – $3.91 million
• Spain – $3.87 million
• Ukraine – $3.11 million
• Poland – $2.36 million
• France – $2.06 million
• Azerbaijan – $1.64 million
• Kyrgyzstan – $1.43 million
• United Kingdom – $1.37 million
• Kazakhstan – $1.23 million
• Canada – $1.08 million
• Cyprus – $1.05 million

In March 2019, remittances leaving Georgia totalled $18.5 million, as compared to $21 million in March 2018.