The messenger logo

About money transfers

By Messenger Staff
Monday, December 21
In September 2009 there was a small increase in money transfers to Georgia but the October and November figures show a further decline. Generally, most of the money transfers to Georgia come from Russia, so a decrease in inflow from Russia creates a general decrease in the figures. This gives us reason to assume that the financial crisis is still going on.

In September 2009 Georgia received more than USD 80 million, in November USD 72 million. The usual reason for these money transfers is Georgian migrants from different countries supporting their families here by transferring money.

The current economic crisis has decreased the number of available jobs all over the world. Many Georgians abroad have lost their jobs and consequently their incomes have reduced. Analysts think that there are more than a million Georgians migrants, more than 70% being labour migrants.