NEWS

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

Agenda.ge, 15 Aug 2023 - 16:14, Tbilisi,Georgia

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.

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02 Aug 2023

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.

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

18 Jul 2023

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.

Money transfers to Georgia up 127.1% year-on-year in March

18 Apr 2023

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.

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.