Remittances to Georgia from abroad hit $168.8 million in January 2022, a 12.7 percent increase on the corresponding figure from January 2021, the National Bank of Georgia (NBG) announced on Tuesday.
The largest remittance senders were in Italy ($33.33 million), Russia ($22.38 million) and the United States ($20.30 million), the data also showed.
Overall, a vast majority - 94.6 percent - of all money transfers came from 20 countries, with the volume of transfers from these states each exceeding $1 million in January.
In January 2021 the share of these 20 countries constituted 95.1 percent of the total volume of money transfers,” the NBG said.
During the month, $23.3 million was transferred abroad, which is 35.3 percent more compared to $17.2 million in January 2021.