As of the end of last year, Russians who moved to Georgia for permanent residence (permanent residence) held deposits of 2.42 billion lari ($969.4 million) in Georgian commercial banks. In this respect reported In the annual report of the National Bank of Georgia (NBG).
According to the rules in force in the republic, the local currency regulator issues such a report once a year. Therefore, the Central Bank did not specify how the dynamics have changed since the beginning of this year.
Last year, 62 thousand Russian citizens immigrated to Georgia. <....> “If in December 2021 Russian citizens held 567 million lari in Georgian banks, in December 2022 this figure rose to 2.42 billion lari, an increase of 327 percent year on year.”
At the same time, in terms of the total volume of deposits, Russian citizens surpassed all other foreigners. They account for 37% of the total cash deposits ($6.55 billion) held by foreign nationals. The National Bank reported that Israelis took second place (8% or $524 million) and the top three were closed by Ukrainian citizens (6% or $393 million).
April 18 National Bank of Georgia (NBG) Analysts sent according to statistical data, according to the results of last month, more than half (51%) of all foreign transfers came from Russia to Georgia. We’re talking about $223.57 million of a total of $438.4 million.
Source: Gazeta
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