(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 26. Georgia
recorded a sharp increase in remittance inflows from Kyrgyzstan in
August 2022, Trend on Friday with reference to the National Bank of
Georgia.
According to the bank, money transfers from Kyrgyzstan to
Georgia in August 2022 amounted to $13.5 million, which is 7.5
times more than in the same period last year ($1.8 million).
Thus, Kyrgyzstan ranked 8th in terms of money transfers to
Georgia in August 2022.
Russia ranked first among countries in the world in terms of
remittances to Georgia in the reporting month, with $110.9 million.
Followed by Italy ($36.5 million) and the US ($29.2 million).
Overall, the total amount of money transfers to Georgia in
August this year amounted to $334.2 million, which is 63.1 percent
more than the same month in 2021 ($204.8 million).
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