Money transfers to Georgia down 0.8% year-on-year in July
Russia ($73.82mln), Italy ($45.34mln) and the United States ($40.03mln) were the largest remittance senders in July. Photo: Nino Alavidze/Agenda.ge
Tweet 
Share
Georgia received $303.6 million from abroad in July 2023, which is 0.8 less than the amount in July 2022, the National Bank of Georgia said on Tuesday.
Russia ($73.82mln), Italy ($45.34mln) and the United States ($40.03mln) were the largest remittance senders in July.
Image: NBG
Overall, the vast majority (96.7 percent) of all money transfers from abroad came from 26 countries.
Last month, remittances leaving Georgia totalled $28.6 million, as compared to $27.8 million in July 2022.
The National Bank of Georgia on Wednesday decreased the refinancing rate by 0.25 percentage points to 10.25 percent after monitoring developments in the domestic economy and financial markets.
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.
Georgian recipients received ₾1134.4 million ($438.4 mln) in remittances from abroad in March, marking a 127.1 percent increase year-on-year, the latest data from the National Bank of Georgia shows.
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.