The volume of money transfers to Georgia reached $320.6 million in March, an increase of 9.8% compared to last year. This data is provided by the National Bank of Georgia. The growth has continued for the second month in a row: in February, the figure grew even more - by 17.1%.
The main flow of funds still comes from EU countries, which account for 45.4% of all transfers, or $145.6 million. Italy, Germany and Greece remain among the leaders, demonstrating double-digit growth rates. This confirms Georgia's continued dependence on the European direction of monetary inflows.
At the same time, the inflow of funds from other regions is increasing. In particular, transfers from the United States in March amounted to $61 million, an increase of 10.9%, and from Israel - $26.9 million, with an increase of 25.2%. Thus, the geography of receipts is gradually expanding, supporting the overall growth in the volume of transfers.