Money Transfers in January

Money Transfers in January

15 February, 2011

In January 2011 the volume of money transfers from abroad constituted 65.7 million USD, which is 9.7 million USD or 17.4 percent more than the same amount for January 2010. During this period, the volume of remittances grew from Russia (by 5.4 million), Italy (by 1.3 million), as well as for several other countries.


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

 

Volume of money transfers in January, 2011 

Million US Dollars

Structure of money transfers by the biggest donor countries %

January, 2010

January, 2011 

Total     

65.7

100.0

100.0

Russia

34.5

51.9

52.4

Greece 

5.3

7.9

8.1

USA 

5.1

8.0

7.7

Italy

4.9

6.4

7.4

Ukraine

3.5

8.1

5.3

Turkey

2.3

3.2

3.5

Spain

1.6

2.9

2.5

Kazakhstan

1.1

0.6

               1.7
Germany                       1.1                1.3                1.6
Israel

1.0

1.1

               1.5



In January 2011 5.9 million USD were transferred from Georgia, instead of 5.2 million USD in January 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.