Volume of money transfers from abroad declined by 42.3% y/y in April

The volume of money transfers from abroad amounted to USD 79.1 million (GEL 250.8 million) in April, a 42.3% (USD 58.0 million) decline on the same period of the last year.

89.6% of total money transfers from abroad come from 12 partner countries, from which the volume of such transfers exceeded USD 1 million USD in April. It is noteworthy that in April of the last year, the share of these 12 countries amounted to 89% percent of the total volume of money transfers.

In April, USD 10.0 million were transferred from Georgia, which is less than 47.7% compared to the same period of the previous year.

Victor Kipiani - My recommendation would be to study thoroughly practical ways and requirements for joining the White House’s recently announced “Economic Prosperity Network”
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