Money transfers from Azerbaijan to Georgia rise

Money transfers from Azerbaijan to Georgia rise

In April 2020, money transfers from abroad decreased by 42.3% (compared to the same period in 2019) and totaled 79.1 million US dollars.

A total of $10.0 million was sent from Georgia, being 47.7% less than in April 2019.

As the National Bank of Georgia reports, money transfers to Georgia sharply decreased from Kyrgyzstan (-87.7%) and EU countries(-34.9%), namely, from Italy (-27.5%), Spain (-60.4%) and Greece (-37.9%).

Money transfers from Germany changed considerably.

According to the National Bank, remittances increased from Azerbaijan, while money transfers from Turkey and Russia decreased.

Besides, Georgia received a decreased amount of money from Israel (-4.7%) and Kazakhstan (-66.1%).

Italy and Greece are leading among the EU countries in terms of money transfers. 

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

Latest news