Tendencies of Money Transfers in January 2009

Tendencies of Money Transfers in January 2009

16 February, 2009

In January 2009 the volume of money transfers from abroad constituted 51.2 million US dollar, which is 7.3 million USD or 12.5 percent less than the same figure for January 2008.

  88.0 percent of total money transfers from abroad fall on those seven big donor countries, from which the volume of such transfers exceeds 1 million USD. It is noteworthy that in January of last year share of these 7 countries constituted 89.8 percent of the total volume of money transfers.

Volume of money transfers in January, 2009

Million US Dollars

Structure of money transfers by the biggest donor countries %

January, 2008

January, 2009

Total     

51.2

100.0

100.0

Russia

27.0

61.0

52.8

USA

4.4

8.0

8.6

Ukraine

4.2

5.9

8.2

Greece

3.4

5.1

6.6

Italy

3.4

4.8

6.6

Turkey

1.5

2.3

2.9

Spain

1.2

2.7

2.3

It is notable, that in January 2009 5.6 million USD were transferred from Georgia, i.e. almost the same amount as in January 2008. The volume of money transfers from Georgia to Russia and Armenia decreased by 628.1 thousand USD, while transfers to Turkey and Ukraine increased by 526.7 thousand USD.

In the reporting month the most popular among the fast money transfer systems for sending money to Georgia were: Western Union (26.8 percent of total amount), Unistream (12.7 percent), Contact (12.3 percent), Anelic (12.3 percent), Money Gram (7.4 percent), Быстрая почта (5.6 percent), Ria (5.3 percent), Leader (4.9 percent), Intel Express (4.2 percent).

For money transfer from Georgia most popular in January were Western Union (50.2 percent), Money Gram (13.2 percent), Anelik (12.3 percent), Быстрая почта (6.7), Intel Express (7.1 percent), Leader (4.7 percent), Contact (3.6 percent), Unistream (3.5 percent). 

Present statistical information is being published on the statistics headlines.