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Money transfers into Georgia reach $85.2m in November

Thursday, December 17
Georgia is experiencing less financial inflow from abroad.

The sum of money transfers coming into Georgia in November 2015 was 18.3 percent less year-on-year (y/y), official figures reveal.

The National Bank of Georgia (NBG) published the latest figures about remittances, which showed that the total sum of money transfers from abroad constituted $85.2 million USD (204.6 million GEL) in November 2015. This was a $19.1 million USD reduction from November 2014.

The NBG said 91.7 percent of all remittances from abroad came from 13 largest donor countries, with the volume of transfers from of these countries each exceeding one million USD in November 2015.

In November 2014 the share of remittances from these 13 countries constituted 92.2 percent of the total volume of money transfers into Georgia.

Last month, $14.7 million USD (or 35.4 million GEL) was transferred out of Georgia, while $15.7 million USD (or 28.0 million GEL) was sent out of the country in November 2014. (