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$ 5.5 million transferred from Georgia to Azerbaijan

$ 5.5 million transferred from Georgia to Azerbaijan
$ 5.5 million transferred from Georgia to Azerbaijan

In April 2021, remittances from Georgia to Azerbaijan amounted to $ 1.7 million, and in the first four months, $ 5.5 million was transferred from Georgia to a neighboring country. The statistics of the National Bank track the remittances named above.

In January-April 2021, $ 27.7 million was transferred from Azerbaijan, which is 3.2 times more than in the same period last year. In April alone, remittances from Azerbaijan to Georgia increased 3.8 times to $ 9.1 million.

Remittances from Azerbaijan (207.6 percent) and Ukraine (145.2 percent) increased at a high rate in the region. In the third month of 2021, remittances from Azerbaijan, Ukraine, and Kazakhstan increased the most.

In the first quarter of 2021, $ 18.6 million was transferred from Azerbaijan to Georgia, three times more than remittances from Azerbaijan in the first quarter of 2020. According to the National Bank of Georgia, $ 3.8 million was sent to Azerbaijan from Georgia in January-March this year, which is $ 0.2 million more than last year.

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