Volume of money transfers from abroad decreased by 9 % y/y in March

The volume of money transfers from abroad constituted 125.9 million USD (382.7 million GEL) in March, which is 9.0% (12.5 million USD) less compared to the same period of the last year.

According to the National Bank of Georgia, 92.8% percent of the total money transfers from abroad came from 16 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in March 2020. In March 2019 the share of these 16 countries constituted 92.6% percent of the total volume of money transfers.

In March 2020, 20.4 million USD (or 62.1 million GEL) was transferred from Georgia, which is 10.1% more as compared to 18.5 million USD in March 2019.