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Money transfers decrease in April

Money transfers decrease in April
Money transfers decrease in April

The money transfers received by Georgia in April 2020 reached 79.1 mln USD (250.8 mln GEL) that is less by 42.3% (58.0 mln USD) than the same indicator of April 2019.

As the National Bank of Georgia reports, 89.6% of the transfers are from 12 largest partners of Georgia, from which the same rate exceeded one mln USD in April 2019.

A total of 89% of the money was sent from the same 12 partners in April 2019.

Russia, Spain, and France top the countries with the lowest money transferred to Georgia.

A total of 10 mln USD was transferred abroad from Georgia in April 2020.

The rate lags behind the April 2019 indicator, with 47.7%. 

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