NEWS

Money transfers to Georgia up 46.8% in July

Russia ($100.59 million), Italy ($35.96 million) and the United States ($28.56 million) were the largest remittance senders in July 2022. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 15 Aug 2022 - 13:22, Tbilisi,Georgia

Georgia received $306 million from abroad in July 2022, which is 46.8 percent more than the amount in July 2021, says the National Bank of Georgia.

Russia ($100.59 million), Italy ($35.96 million) and the United States ($28.56 million) were the largest remittance senders in July 2022.

Image: NBG

Overall, the vast majority (97.2 percent) of all money transfers from abroad came from 24 countries.

Last month, remittances leaving Georgia totalled $27.7 million, as compared to $26.7 million in July 2021.

Annual inflation in Georgia at 11.5% in July

03 Aug 2022

The Consumer Price Index in Georgia increased by 0.2 percent in July month-on-month, while the annual inflation rate totalled 11.5 percent, the National Statistics Office of Georgia announced on Wednesday.

Central bank keeps refinancing rate at 11%

03 Aug 2022

The National Bank of Georgia has decided to keep the refinancing rate unchanged at 11 percent following a meeting of its Monetary Policy Committee on Wednesday.

June 2022: $13.02 bln deposited, $14.85 bln loaned by banks in Georgia

25 Jul 2022

Commercial banks in Georgia loaned ₾43.65 billion ($14.85bln) and received deposits of ₾38.27 billion ($13.02bln) in June 2022, the latest data from the National Bank of Georgia shows.

Money transfers to Georgia up 111.7% in June

15 Jul 2022

Georgia received $427.4 million from abroad in June 2022, which is 111.7 percent more than the amount in June 2021, says the National Bank of Georgia.

July 2022: $38.75 bln deposited, $42.09 bln loaned by banks in Georgia

25 Aug 2022

Commercial banks in Georgia loaned ₾42.09 billion ($14.85bln) and received deposits of ₾38.75 billion ($13.67bln) in July 2022, the latest data from the National Bank of Georgia shows.

August 2022: $14.78 bln deposited, $15.30 bln loaned by banks in Georgia

27 Sep 2022

Commercial banks in Georgia loaned ₾43.21 billion ($15.30bln) and received deposits of ₾41.76 billion ($14.78 bln) in August 2022, the latest data from the National Bank of Georgia shows.

Money transfers to Georgia up 103.0% year-on-year in February

15 Mar 2023

Georgian recipients received ₾985.5 million ($372.3 mln) in remittances from abroad in February, marking a 103 percent increase year-on-year, the latest data from the National Bank of Georgia shows.