Georgia receives $154 mln in remittances in July 2019
In July 2019, remittances leaving Georgia totalled $19.2 million, as compared to $18.9 million in June 2018. Photo: Nino Alavidze/Agenda.ge.
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Georgia received $154.5 million from abroad in July 2019, which is 7% more than the amount in July 2018, says the National Bank of Georgia.
Russia ($38.98 million), Italy ($20.87 million) and Greece ($16.96 million) were the largest remittance senders in July 2019.
Overall, the vast majority (94.2%) of all money transfers from abroad came from 18 countries.
After Russia, Italy and, Greece other countries regularly sending money transfers to Georgia in July 2019 included:
- United States – $15.94 million
- Israel – $14.35 million
- Turkey – $8.66 million
- Spain – $4.52 million
- Germany – $4.36 million
- Ukraine – $3.96 million
- Poland – $2.95 million
- France – $2.48 million
- Kazakhstan – $2.20 million
- Azerbaijan – $2.11 million
- Kyrgyzstan – $1.91 million
- Cyprus – $1.48 million
- United Kingdom – $1.36 million
- Canada – $1.31 million
- Armenia - $1.10 million
In July 2019, remittances leaving Georgia totalled $19.2 million, as compared to $18.9 million in June 2018.
Georgia received $143.6 million from abroad in June 2019, which is 6.3% more than the amount in June 2018, says the National Bank of Georgia.
The State Duma Committee on Foreign Affairs has supported the idea of halting the import of wine and mineral waters from Georgia to the Russian Federation, as well as putting in place a ban on remittances from Russia, reports TASS.
Georgia received $145.8 million from abroad in May 2019, which is 11.8% more than the amount in May 2018, says the National Bank of Georgia.
Georgia received $137.1 million from abroad in April 2019, which is 10.1% more than the amount in April 2018, says the National Bank of Georgia.
The amount of money transfers entering Georgia in August 2019 was $146.4 million, which is a 7.8 per cent increase compared to August 2018.
The amount of money transfers to Georgia in September 2019 was $149.8 million, which is a 13.9 per cent increase compared to September 2018.
A report released by the State Commission on Migration reads that 46 per cent of Georgian families [2018] that have a family member abroad depend on this individual for their only income.
The volume of money transfers to Georgia in October 2019 was $153.2 million, which is an 11.5 per cent increase compared to October 2018, announces the National Bank of Georgia.