BAKU, Azerbaijan, April 16. The volume of money transfers to Georgia in March 2022 amounted to $193 million, which is an increase of 2.6 percent, compared to $188.1 million over the same month of 2021, Trend reports via statistical data of the National Bank of Georgia (NBG).
The same figure also increased by 53.4 percent, compared to March 2020 ($125.8 million), and by 39.5 percent, compared to the same period of 2019 ($138.3 million).
Meanwhile, Italy ranked first among countries with the largest amount of money transfers to Georgia in the reporting period of 2022 with $36 million, which is an increase of 20 percent, compared to $30 million in March 2021.
Russia is second on the list with $27 million of money transferred to Georgia in March 2022. However, the current figure slightly decreased by15.6 percent, compared to $32 million over the same month of 2021.
The US ranked third with $25.6 million of remittances to Georgia in the reporting period of 2022 - an increase of 6.2 percent, compared to $24.1 million in March 2021.
Largest money transfers into Georgia (Feb. 2022):
|
Country |
Amount (million USD) |
|
Italy |
36 |
|
Russia |
27 |
|
the US |
25.6 |
|
Greece |
18.9 |
|
Israel |
16.9 |
|
Germany |
11.3 |
|
Turkey |
8.3 |
|
Kazakhstan |
7.5 |
|
Azerbaijan |
4.7 |
|
Spain |
4.6 |
Meanwhile, the volume of money outflow from Georgia in March 2022 totaled $23.9 million, which is a decrease of 3.6 percent, compared to $24.8 million over the same month of 2021, and an increase of 17.1 percent, compared to $20.4 million over March 2020.
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