Money Transfers in February

Money Transfers in February

18 March, 2014
In February 2014, the volume of money transfers from abroad constituted 106.5 million USD (186.2 million GEL), which is 2.9 million USD (5.1 million GEL), or 2.8 percent more than the amount in February 2013.


92.0 percent of the total money transfers from abroad came from 11 big donor countries, with the volume of transfers from of these countries each exceeding 1 million USD in February 2014. In February 2013 the share of these 11 countries constituted 92.6 percent of the total volume of money transfers.
 

 

 

Volume of money transfers in February
2014
Million US dollars

Structure of money transfers by the biggest donor countries %

February 2013

February 2014

Total     

106.5

100.0

100.0

Russian Federation

51.4

54.1

48.2

Greece

16.7

13.1

15.7

Italy

9.3

8.1

8.8

United States

5.6

5.2

5.3

Turkey

4.4

2.5

4.1

Ukraine

3.0

2.9

2.8

Spain

2.1

1.8

2.0

Germany

1.7

1.2

1.6

Israel

1.5

1.5

1.4

Azerbaijan

1.2

1.2

1.1

Kazakhstan

1.1

1.0

1.0


In February 2014, 12.9 million USD (or 22.5 million GEL) was transferred from Georgia, as compared to 10.8 million USD (or 17.9 million GEL) in February 2013.

The structure of remittances transferred by electronic wire systems for the reference month is shown on the graph below.

 

 

Present statistical information is published on the website of the National Bank of Georgia at the following address: http://nbg.gov.ge/index.php?m=306&lng=eng