Remittances to Georgia increased by 28.7 percent in September
According to the National Bank, in September 2020, the volume of money transfers from abroad constituted 192.7 million USD (611.4 million GEL), which is 28.7% (43.0 million USD) more than the amount in September 2019.
94.7% percent of the total money transfers from abroad came from 19 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in September 2020. In September 2019 the share of these 19 countries constituted 94.6% percent of the total volume of money transfers.
Russia still leads in terms of the volume of remittances. The largest remittance – 35.13 million USD in September of this year came to Georgia from Russia. Italy is in second place with $ 29.21 million, followed by the United States with $ 22.65 million, Greece – $ 21.45 million, and Israel – $ 13.98 million.
In September 2020, 25.1 million USD (or 79.5 million GEL) was transferred from Georgia, which is 22.4% more as compared to 20.5 million USD in September 2019.