(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 28. Money transfers
from Azerbaijan to Georgia significantly decreased in August 2022,
reports
with reference to the National Bank of Georgia.
According to the Bank, remittances from Azerbaijan to Georgia in
August of this year amounted to $4.9 million, which is a decrease
of 31.9 percent over the same month in 2021 ($7.2 million).
Thus, Azerbaijan ranked 13th in terms of remittances to Georgia
in August 2022.
Russia ranked first among countries in the world in terms of
remittances to Georgia in the reporting month - $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 an increase
of 63.1 percent compared to the corresponding month of 2021 ($204.8
million).
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