Guatemala slashes dollar limit on cash transactions

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