BAKU, Azerbaijan, October 18. Money transfers from Kyrgyzstan to Georgia sharply increased in September 2022, Trend reports with reference to the National Bank of Georgia.
According to the Bank, remittance flows from Kyrgyzstan to Georgia in September of this year reached $18.1 million, which is more than a fivefold increase over the same month in 2021 ($3.5 million).
Thus, Kyrgyzstan ranked 5th in terms of remittances to Georgia in September 2022.
Russia ranked first among countries in the world in terms of remittances to Georgia in the reporting month - $173.9 million, followed by Italy ($36.2 million) and the US ($28.6 million).
Overall, the total amount of money sent to Georgia from abroad in September this year amounted to $387.2 million, which is an increase of 84.6 percent compared to the corresponding month of last year ($209.7 million).