Money transfers to Georgia down 16.8% year-on-year in June

In the same month, ₾76.2 million ($29.1 mln) was transferred from Georgia to recipients abroad - a 2.2 percent decrease from the June 2022 figure of $29.8 million. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 18 Jul 2023 - 16:59, Tbilisi,Georgia

Georgian recipients received ₾930.6 million ($355.5 mln) in remittances from abroad in June, marking a 16.8% decrease year-on-year, the latest data from the National Bank of Georgia shows.

Russia ($129.31 million), Italy ($42.93 million) and the United States ($38.73 million) were the countries with the largest remittance senders.

Overall, the vast majority of all money transfers from abroad - 97.2 percent - came from 26 countries.

In the same month, ₾76.2 million ($29.1 mln) was transferred from Georgia to recipients abroad - a 2.2 percent decrease from the June 2022 figure of $29.8 million.