September 2020: money transfers to Georgia up 28.7%

Georgia received $192.7 million from abroad in September 2020, which is 28.7 per cent more than the amount in September 2019, says the National Bank of Georgia (NBG).

The vast majority (94.7%) of all money transfers from abroad came from 19 countries, with the volume of transfers from these countries each exceeding $1 million last month. 

Russia, Italy and the United States were the largest remittance senders in Georgia in September 2020. Georgia received $35.13 million from Russia, $29.21 million from Italy and $22.65 million from the United States.

After Russia, Italy and the United States, other countries regularly sending money transfers to Georgia in September 2020 included:

• Greece - $21.45 million 
• Israel – $13.98 million 
• Turkey – $10.61 million
• Germany – $7.54 million 
• Azerbaijan – $7.43 million
• Ukraine – $13.21 million 
• Spain – $4.82 million
• Poland – $2.60 million
• France – $2.98 million
• UK - $1.90 million
• Cyprus - $1.55 million
• Ireland - $1.51 million
• Kazakhstan - $1.93 million
• Canada - $1.85 million
• Armenia - $1.22 million
• Kyrgyzstan - $1.04 million

In September 2020, remittances leaving Georgia totalled $25.1 million, which is a 22.4 per cent increase year-on-year.