NBG: Remittance volume decreased by 17.4% in June
NBG: Remittance volume decreased by 17.4% in June

In June 2023, the volume of money transfers from abroad constituted 353.2 million USD (924.5 million GEL), which is 17.4% (74.2 million USD) less than the amount in June 2022, the National Bank of Georgia (NBG) reported on Monday.

According to NBG, 97.1% of the total money transfers from abroad came from the 25 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in June 2023. The share of these 25 countries constituted 97.1% of the total volume of money transfers in June last year.

In June 2023, 28.8 million USD (or 75.5 million GEL) was transferred from Georgia, which is 2.5% less than the similar figure of June 2022.