The chairman of the Monetary Board (JM), Edgar Barquin said that transactions of less than $ 3 thousand only require name, identification and legal address.
For amounts over the $ 3,000 more information will be requested and the operation must be guaranteed by a bank official.
"With the additional information request, we seek to establish that transactions be in accordance with the customer profile. Also proof of the source of funds will be requested, an affidavit as to the source of cash and analysis and approval of the bank," said the president of the JM to Elperiodico.com.gt.
Visitors who came into the country in the first quarter generated $1,242 million, the highest quarterly figure for the last 16 years.
Of the total foreign exchange from tourism entering between January and March 2016, 77% was through personal trips and the remaining 13% from business trips, according to a detailed breakdown published by Nacion.com.
The country received $5.13 billion in the first ten months of the year, 17.2% less than the same period of 2008.
Maquila was the worst-hit sector, as it received $250 million less than last year, according to data from the Central Bank.
"... it was followed by remittances, which diminished 10.9% or $245.5 million, capital and financial flows ($187.4 million reduction), exports of goods ($169.3 million less), exports of services ($138 million less) and rents ($97.2 million less)", reported Laprensahn.com.
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