Money Transfers in June

Money Transfers in June

15 July, 2011

In June 2011, the volume of money transfers from abroad constituted 98.9 million USD, which is 22.1 million USD or 28.7 percent more than the same amount for June 2010. During this period, the volume of remittances grew from Russia (by 8.8 million), Kazakhstan (by 4.8 million), Greece (by 3.3 million), Italy (by 3.0 million), as well as for several other countries.



91.4 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 June. In June 2010 the share of these 10 countries constituted 92.3 percent of the total volume of money transfers.

 

Volume of money transfers in June, 2011 

Million US Dollars

Structure of money transfers by the biggest donor countries %

June, 2010

June, 2011 

Total     

98.9

100.0

100.0

Russia

53.4

58.0

54.0

Greece 

7.7

5.7

7.8

Italy 

7.1

5.4

7.2

USA 

5.7

8.0

5.8

Kazakhstan

5.4

 0.8 

5.5

Ukraine

4.2

5.1

4.3

Turkey

2.5

4.0

2.5

Spain

2.1

2.1

               2.1
Germany                        1.1                 1.8                1.1
Israel

1.2

1.4

               1.2



In June 2011, 7.1 million USD were transferred from Georgia, instead of 7.1 million USD in June 2010. 

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.