REMITENCES INCREASED BY 14.8% IN NOVEMBER 2016



National Bank of Georgia (NBG) released statistics on remittances, according to which 97.8 MLN USD, i.e. 242.1 MLN GEL has been remitted to Georgia in November 2016. It is by 14.8 per cent (12.6 MLN USD) higher compared to the respective period of the previous year.

Analysis of remittances indicates that 89.7% was sourced by 11 largest donor countries, which exceeded 1 MLN USD in November 2016. Overall 88.8% of total remittances has been sourced by the referred 11 countries in November 2016

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