National Bank of Georgia: Money Transfers in June grow

In June 2010 the volume of money transfers from abroad constituted 74.3 million USD, which is 2.4 million USD or 3.3 percent more than the same amount for June 2009.
During this period the volume of remittances significantly grew for Russia (by 4.6 million), Turkey (by 0.5 million), Germany (by 0.4 million), Israel (by 0.3 million) as well as for several other countries.

In June 2010 6.7 million USD were transferred from Georgia, instead of 6.1 million USD in June 2009.

IAMTN: Confirming this trend there was a small improvement in the remittances to and from Georgia – this is encouraging for Russia.