Transfer volume from Russia to Georgia decreased

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The volume of remittances from Russia to Georgia decreased by 26 percent in 2023 compared to the previous year. writes about thisTASS Citing data from the National Bank of Georgia.

Last year, just over 1.5 billion dollars came to Georgia from Russia. For comparison, in 2022 this figure was about 2 billion dollars.

Russia remains the largest source of foreign currency to Georgia. Italy ranks second with $519 million in 2023; This is 20% more than the previous year. The United States ranks third with 456 million dollars (+40%).

In total, more than $4.1 billion in remittances came to Georgia from different countries in 2023. This is 4.6% less than in 2022.

Formerly Bank of Russia accepted The decision to finally abolish the commissions imposed on banks for transfers between citizens in the Faster Payments System (FPS). Until July 1, 2024, banks enjoyed a grace period free of fees for such transfers. Now the regulator has set zero tariffs for these transactions without time limits.

Before that, it was known that there was Russia. being ready He requested to protect his frozen assets.

Previously at the Central Bank in the name Risk of transferring money to unfriendly countries.

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