Georgia reports 13% y/y increase in remittance inflows in May

Georgia reports 13% y/y increase in remittance inflows in May
By bne IntelliNews June 19, 2018

A total of $130.4mn worth of money transfers from abroad were sent to Georgia in May 2018, 13% more than in May 2017, data from the National Bank of Georgia showed. 

EU countries accounted for the largest share of the total, $44.3mn, outstripping the $37.84mn sent from Russia during the month, though Russia remained by far the single largest source of money.

Within the EU, the largest sums were sent back from Italy ($11.68mn) and Greece ($11.71mn). Also among the top five countries from which Georgians sent home money were the US ($12.11mn) and Turkey ($10.02mn).

 

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