Georgia sees decrease in remittances

/By AzerNews/

By Mushvig Mehdiyev

The volume of remittances stood at $75.5 million in January 2015, which is almost 25 percent lower than the same period in 2014, the National Bank of Georgia reported.

The first month of 2015 saw a 23.3 percent drop or $23 million in total amount of international money transfers, the bank added.

The bank said while nine big donor countries made up 89.6 percent of the total volume of money transfers in January 2014, the figure dropped to 87 percent this year.

Meanwhile, nearly $12.5 million was transferred from Georgia in January 2015, being as same as the amount transferred in January last year.

Russia led the list of top countries with $46.9 million largest share in the overall amount of private money transfers.