Money Transfers in February

Money Transfers in February

16 March, 2012

In February 2012, the volume of money transfers from abroad constituted 96.3 million USD (or 159.7 million GEL), which is 13.3 million USD (or 22.1 million GEL), or 16.8 percent more than the same amount for February 2011.

91.0 percent of total money transfers from abroad fall on those 10 big donor countries, from which the volume of such transfers exceeded 1 million USD in February. In February 2011 the share of these 10 countries constituted 90.4 percent of the total volume of money transfers. 

Volume of money transfers in February, 2012

Million US Dollars

Structure of money transfers by the biggest donor countries %

February, 2011 February, 2012
Total

96.3

100.0

100.0

Russia

49.4

50.4

51.3

Greece

11.4

10.3

11.9

Italy

8.6

8.4

9.0

USA

6.1

6.9

6.3

Ukraine 

3.9

4.7

4.0

Spain

2.6

2.7

2.7

Turkey

2.3

3.0

2.4

United Kingdom

1.1

1.2

1.2

Israel 

1.1

1.3

1.2

Germany

1.0

1.5

1.1

In February 2012, 7.5 million USD (or 12.5 million GEL) were transferred from Georgia instead of 9.6 million USD (or 17.1 million GEL) in February 2011.
 
In the reference month, the structure of remittances by electronic wire systems is shown on the graph below.

 

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