As the National Bank of Georgia reports, Georgia's 18 most significant partners implemented 94.6% of money transfers to Georgia countries in July 2020 (about $1 million from each state).
In July 2019, money transfers from the 18 countries equaled 93.4% of the total money transfers.
In July 2020, money transfers to Georgia mostly increased from Azerbaijan and Ukraine.
In the reporting month, the total volume of money transfers received from Azerbaijan equaled 6.03 million USD. It is 3.19% of the transfers.
The annual growth rate of money transfers hit 185.59%.
The annual growth rate of money transfers from Ukraine was 147.10%.
In July 2020, Ukraine transferred 9.79 million USD to Georgia. It is 5.19% of the total transfers.
In July 2020, the EU countries sent 73.79 million USD to Georgia. It is 39.10% of the total money transfers.
The annual growth rate of money transfers from the EU equaled 24.97% in July 2020.
Notably, as the National Bank reports, in July 2020, the total volume of money transfers to Georgia totaled 188.7 million USD (578.0 million GEL). It is 22.1% (34.2 million USD) more than in July 2019.
In July 2020, money transfers from Georgia equaled 22.2 million USD (68.1 million GEL). It is 15.6% more than in July 2019.
Bela Gelashvili
News Author