Money transfers from Azerbaijan to Georgia increase by 60%

In January-October 2021, $71.3 million was transferred from Azerbaijan to Georgia, up 1.6-fold from the previous year, Report informs with reference to the National Bank of Georgia.

Over the past ten months, the money transfers from Georgia to Azerbaijan amounted to $16.3 million, 23.4% higher than a year earlier.

In October 2021, the money transfers from Azerbaijan to Georgia stood at $7.1, showing a 34% growth compared to a year ago.

In the reporting period, $1.9 million (+27%) was transferred from Georgia to Azerbaijan.

Money transfers from abroad to Georgia amounted to $ 1,912.8 million, from Georgia to foreign counties totaled $251.9 million, respectively, up 26.2% and 257% from the previous year.

In October 2021, money transfers from abroad to Georgia amounted to $206.7 million (+13.7%), from Georgia to abroad – to $30.3 million (+26.9%).