Georgia receives $137.3 mln in remittances in February 2020

Georgia received $137.3 million from abroad in February 2020, which is 9.5 per cent more than the amount in February 2019, says the National Bank of Georgia.

Russia ($28.68 million), Italy ($21.67 million) and Greece ($16.43 million) were the largest remittance senders in February 2020.

Overall, the vast majority (94 per cent) of all money transfers from abroad came from 17 countries.

After Russia, Italy and Greece, other countries regularly sending money transfers to Georgia in February 2020 included:

• Israel – $14.44 million 
• United States – $14.39 million
• Turkey – $7.77 million
• Germany – $4.65 million 
• Ukraine – $4.16 million 
• Spain – $3.73 million
• Poland – $2.38 million
• Azerbaijan – $2.05 million 
• France – $2 million
• Kazakhstan – $1.88 million
• United Kingdom – $1.46 million 
• Cyprus – $1.22 million
• Canada – $1.11 million
• Ireland - $1.1 million

In February 2020, remittances leaving Georgia totalled $21.7 million, compared to $17.7 million in February 2019.