728x90
Home / Tag Archives: Money transfers

Tag Archives: Money transfers

Georgia Receives $124.4 million in Remittances in September

In September 2017, the volume of money transfers from abroad constituted 124.4 million USD (306.8 million GEL), which is 24.2 percent (24.2 million USD) more than the amount in September 2016. 92.9 percent of the total money transfers from abroad came from 14 largest donor countries, with the volume of …

Read More »

Azerbaijan, Turkey to Launch New Money Transfer System

Turkey, a brother nation and strategic ally of Azerbaijan, is creating a new system of money transfers, which will be launched for the first time to carry out transfers with Azerbaijan. The Turkish side is directly involved in the development of the money transfer system, while Azerbaijan provides advisory services …

Read More »

Russia Ranks First in Terms of Money Transfers to Georgia

Russia Ranks First in Terms of Money Transfers to Georgia

The month of June recorded an upturn in money transfers to Georgia. Total money transfers constituted 117.7 million USD (+2% m.m; +27%Y.Y), including 33.5% was remitted from Russian Federation. Ratio of top 5 major donor countries with more than 10 million USD transfers exceeded 70%. Million USD Russia 39.443 USA …

Read More »

Money Transfers to Georgia Rose by 22.3% in 1Q17

In January to March 2017 money transfers to Georgia rose by 22.3%. The information is provided in the monetary policy report for May developed by National Bank of Georgia (NBG). Volume of quick money transfers from EU countries is also growing, especially from Greece, Italy, Israel, the USA and Turkey, …

Read More »

Money Transfers Increased By 16% and Constituted 119 million

Money

In December 2016, the volume of money transfers from abroad constituted 119.0 million USD (315.4 million GEL), which is 16.7 percent (17.0 million USD) more than the amount in December 2015. 92.6 percent of the total money transfers from abroad came from 14 largest donor countries, with the volume of …

Read More »

Money Transfers In September Amounted to $100,2 million

According to National Bank of Georgia in September 2016, the volume of money transfers from abroad constituted 100.2 million USD (231.5 million GEL), which is 13.1 percent (11.6 million USD) more than the amount in September 2015. 90.5 percent of the total money transfers from abroad came from 11 largest …

Read More »

The Volume of Money Transfers Increased in June 2016

The Volume of Money Transfers Increased in June 2016

In June 2016, the volume of money transfers from abroad made up 105.4 million USD (230.6 million GEL), which is 4.9 percent (4.9 million USD) more than the amount in June 2015. According to National Bank of Georgia, 35, 9 million is transferred from Russia in June, 13, 2 million – …

Read More »

Georgia Receives $94.8m From 12 Donor Countries

Russia Ranks First in Terms of Money Transfers to Georgia

Money transfers have increased in the month of April too. The country has recorded 94.8 million USD inflows from abroad (03/16 – USD $90.7; 02/16 USD $79.9; 01/16 – USD $66.6). As to year on year correlation, a 4% y/y growth was registered for the first time. In April 2015, the …

Read More »

Zolotaia Korona Ranks First among Quick Money Payment Systems

Zolotaia Korona Ranks First among Quick Money Payment Systems

Zolotaia Korona ranks first among quick money payment systems in terms of money transfer volume. Zolotaia Korona transferred 7.145 million USD from Georgia in February 2016 (5.024 million USD in February 2015/ 34%). The operator has carried out 15.7 million USD transfers in February 2015, up 7.5% year on year. …

Read More »