Remittances to Georgia from abroad reached $183.4 million in February, up by 13.7% YoY, the National Bank of Georgia (NBG) announced on March 15.
The largest remittance senders were in Italy ($32.96 million), Russia ($21.94 million) and the United States ($21.10 million), the data also showed.
Overall, a vast majority – 93.1% – of all money transfers came from 19 countries, with the volume of transfers from these states each exceeding $1 million in February.
“In February 2021, the share of these 19 countries constituted 94.6% of the total volume of money transfers,” the NBG said.
During the month, $26.7 million was transferred abroad, up by 27.5%. (Agenda/Business World Magazine)