The FINANCIAL -- In September 2009 the volume of money transfers from abroad constituted 80.4 million USD, which is 5.4 million USD or 7.2 percent more than the same amount for the previous month.

The increase of overall volume of remittances is mainly due to their increase from Russia by 3.9 million USD or 9.7 percent. The volume of remittances increased by 0.8 million USD or 14.2 percent for Greece, as well as for USA, Turkey and Spain – 3.7, 7.8 and 9.1 percent increase respectively.

"89.7 percent of total money transfers from abroad fall on those eight big donor countries, from which the volume of such transfers exceeded 1 million USD in September. In August the share of these 8 countries constituted 89.4 percent of the total volume of money transfers," NBG informs.

In September 2009 6.3 million USD were transferred from Georgia, while in August 2009 this figure amounted to 5.6 million USD. The volume of money transfers from Georgia increased for Russia and Ukraine , 0.2 million USD for each or 8.7 and 16.6 percent respectively.

Related Stories

• National Bank of Georgia: Money Transfers in October
• Most in Demand Types of Loans in 2009 in Georgia
• Bank of Georgia and American Express Launch Two New American Express Cards in Georgia