Money transfers increase by 85.05% from Azerbaijan

The pace of money transfers from Azerbaijan to Georgia equaled 85.05% in May.

A total of 3.56 million USD was transferred from Azerbaijan to Georgia in May, and the amount equaled 2.70% of the total transfers.

Azerbaijan tops on the list of the countries with the most considerable amount transferred to Georgia.

Italy showed a 35.82% increase, Germany – 26.14% increase, while Greece showed a 13.06% increase and Canada – 11.80%.

Money transfers from the rest of the countries dropped in May that led to a 9.6% decrease in the total rate.

Russia, the UK, and Poland share the lowest indicators.