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Guatemala slashes dollar limit on cash transactions

Wednesday, September 15, 2010


The Guatemalan government reduced from $10,000 to $3,000 the permitted value of transactions in US dollars, as a measure to control money laundering.
 
The measure follows a similar on in Mexico, where the limit on dollar transactions has been set at $4,000.
 
The limit in Guatemala will be applied only to cash transactions, not for electronic transactions.
 
Original source: Efe