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Money Transfers in May: National Bank of Georgia (NBG)

Published: June 15, 2012 | 12:52 pm
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The COMMERCIAL TIMES

In May 2012, the volume of money transfers from abroad constituted 116.7 million USD (or 189.8 million GEL), which is 7.1 million USD (or 11.6 million GEL), or 6.5 percent more than the same amount for May 2011.

91.0 percent of total money transfers from abroad fall on those 11 big donor countries, from which the volume of such transfers exceeded 1 million USD in May. In May 2011 the share of these 11 countries constituted 88.4 percent of the total volume of money transfers.

  Volume of money transfers in May, 2012

Million US Dollars

Structure of money transfers by the biggest donor countries %
May, 2011 May, 2012
Total 116.7 100.0 100.0
Russia 60.7 52.0 47.8
Greece 13.6 11.7 12.7
Italy 9.3 7.9 9.2
USA 6.8 5.8 5.7
Ukraine 3.6 3.1 3.5
Turkey 3.0 2.6 2.2
India 2.8 2.4 1.4
Spain 2.5 2.1 2.5
United Kingdom 1.6 1.3 1.2
Israel 1.2 1.1 1.2
Germany 1.2 1.0 0.9

In May 2012, 9.0 million USD (or 14.6 million GEL) were transferred from Georgia instead of 7.6 million USD (or 12.8 million GEL) in May 2011.

In the reference month, the structure of remittances by electronic wire systems is shown on the graph below.

 

 

 

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