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More money is transferred in and out of Georgia

by | May 17, 2012

TBILISI, DFWatch – Money transfers from foreign countries to Georgia increased 6.4 percent in April, compared to the same period in 2011.

There was also an increase in money transferred abroad in April, compared to last year, according to Georgia’s National Bank.

The amount of money transferred to Georgia in April 2012 totaled USD 112.6 million, which is USD 6.8 million more than the same period in 2011.

92.3 percent of the money transfers are from the 11 largest donor countries.

Most of the money transfers came from Russia.

Incoming transfers broken down by country:

Russia 53.9 percent (USD 60.7 million),

Greece 12.4 percent (USD 14 million),

Italy – 7.9 percent (USD 8.9 million),

USA – 6.1 percent (USD 6.9 million),

Ukraine – 3.5 percent (USD 3.9 million),

Spain – 2.1 percent (USD 2.4 million),

Turkey – 1.9 percent (USD 2.1 million),

UK – 1.3 percent (USD 1.4 million),

Israel – 1.1 percent (USD 1.3 million),

India – 1.1 percent (USD 1.2 million),

Germany – 1 percent (USD 1.1 million).

USD 8 million was sent out of Georgia in April 2012. Last year USD 7.2 million was transferred abroad.



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