(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 26. Money transfers
from Azerbaijan to Georgia significantly decreased in September
2022, reports with reference to the National Bank of Georgia.
According to the Bank, remittance flows from Azerbaijan to
Georgia in September of this year amounted to $4.5 million, which
is a decrease of 42.3 percent over the same month in 2021 ($7.8
million).
Thus, Azerbaijan ranked 12th in terms of remittances to Georgia
in September 2022.
Russia ranked first in the reporting month - $173.9 million,
followed by Italy ($36.2 million) and the US ($28.6 million).
Overall, the total amount of money sent to Georgia from abroad
in September amounted to $387.2 million, which is an increase of
84.6 percent compared to the corresponding month of last year
($209.7 million).
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