Economy

Money transfers to Georgia up 14% in October year-on-year

by | Nov 16, 2016
money_transfer_fuladi_gzavnili

(Interpressnews.)

TBILISI, DFWatch–The flow of money into Georgia grew by 14 percent in October, according to the latest monthly report by the National Bank.

The money flow into the country was USD 102.5 million, USD 12.6 million more than in October 2015.

91.9 percent of transfers came from 13 countries. Russia is on top of the list accounting for USD 34.6 million, followed by the United States USD 11.6 million, Greece  USD 11.3 million, Italy  USD 10.2 million and Turkey  USD 8.7 million.

Other significant origin countries are Israel, Spain, Germany, Ukraine, United Kingdom, Azerbaijan, Kazakhstan and France.

In October 2016, 17.8 million USD was transferred out of Georgia, as compared to 15.1 million USD in October 2015.



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