Money Transfers in February

Money Transfers in February

15 March, 2010

In February 2010 the volume of money transfers from abroad constituted 61.7 million USD, which is 9.4 million USD or 17.9 percent more than the same amount for February 2009. During this period the volume of remittances significantly grew for Russia (by 5.6 million), Greece (by 1.2 million) and Ukraine (by 0.8 million), as well as for several other countries.

88.1 percent of total money transfers from abroad fall on those seven big donor countries, from which the volume of such transfers exceeded 1 million USD in February. In February 2009 the share of these 7 countries constituted 87.3 percent of the total volume of money transfers. 

 

Volume of money transfers in February, 2010 

Million US Dollars

Structure of money transfers by the biggest donor countries %

February, 2009

February, 2010

Total     

61.7

100.0

100.0

Russia

32.7

51.8

53.0

USA 

4.8

9.2

7.8

Ukraine

4.7

7.4

7.6

Greece 

4.5

6.3

7.3

Italy 

3.9

6.7

6.2

Turkey

1.9

3.5

3.1

Spain

1.8

2.5

2.9

In February 2010 5.6 million USD were transferred from Georgia, instead of 5.5 million USD in February 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.