In June, remittances to Georgia
from abroad increased not only compared to the previous months, but also compared to June 2019.
The positive trend is very
important as it means that the payment deficit will not be as worse as it was after
“This will increase economic
activity in the country and the lari’s strengthening,” President of the
National Bank of Georgia (NBG) Koba Gvenetadze wrote in his Facebook post.
NBG President noted that in April money transfers decreased
by 42,3%, compared to the same period of 2019, in May - by 9, 6% while in June increased by 17,8% compared to June
Gvenetadze emphasized the growth in the money transfers
from EU countries.
In June 2020, $ 169.2 million was transferred from abroad
to Georgia, which is 17.8% and 25.6 million more than in June 2019.