Money Transfers in May

Money Transfers in May

15 June, 2010

In May 2010 the volume of money transfers from abroad constituted 72.1 million USD, which is 10.4 million USD or 16.9 percent more than the same amount for May 2009. During this period the volume of remittances significantly grew for Russia (by 7.3 million), Greece (by 0.9 million) and Turkey (by 0.8 million), as well as for several other countries.

90.5 percent of total money transfers from abroad fall on those eight big donor countries, from which the volume of such transfers exceeded 1 million USD in May. In May 2009 the share of these 8 countries constituted 88.5 percent of the total volume of money transfers. 

 

Volume of money transfers in April, 2010 

Million US Dollars

Structure of money transfers by the biggest donor countries %

May, 2009

May, 2010

Total     

72.1

100.0

100.0

Russia

39.1

51.5

54.2

USA 

6.3

9.0

8.7

Greece

5.2

7.0

7.3

Ukraine 

4.9

7.2

6.8

Italy 

3.7

6.3

5.2

Turkey

3.0

3.6

4.2

Spain

1.8

2.6

2.5

Germany

1.2

1.4

               1.7


In May 2010 5.8 million USD were transferred from Georgia, instead of 5.9 million USD in May 2009. 
In the reporting month, the structure of remittances by electronic wire systems is shown on the graph below.

Present statistical information is being published on the statistics headlines.