According to last month’s results, more than half (51%) of all foreign transfers came from Russia to Georgia. We’re talking about $214.8 million out of a total of $438.4 million, reported On the website of the National Bank of the Republic (National Bank).
“The volume of money transfers from abroad in March 2023 increased by 127.1% (US$ 245.3 million) compared to March 2022 and reached US$ 438.4 million (US$ 1,134.4 million). The share of the Russian Federation is 51%, or 223.57 million dollars.
Italy ranked second in this indicator with a share of 9.9% ($43.4 million), while the United States of America (8.21% or $35.99 million) closed the top three among foreign countries in money transfers to Georgia. According to a press release from Georgia’s currency regulator, European Union (EU) countries contributed a total of 23.78%, or $104.2 million.
On February 16, the newspaper “Banks and Finance” referred to the data of the Central Bank of Georgia. reportedThe volume of money transfers to the republic in January 2023 amounted to 445 million dollars, which is 163.5 percent more than in January last year. More than half (60.1%) of transfers to Georgia were received from Russia.