New Currency Exchange Rules in Effect in Guatemala

Since January 1st, new regulations are in place for transactions over $3,000.

Monday, January 3, 2011

These regulations require individuals and companies to provide documentation for each transaction over $3,000. Said papers will be stored by the bank in a file.

“These include an affidavit in which the customer assures the legitimacy of the funds and declares that its origins are legal”, reported Prensalibre.com.

More on this topic

More Requisites for Exchanging Dollars

October 2009

The Central Bank of Guatemala will implement new forms to better control the flow of currencies.

For this project to be implemented, it must first receive approval by the Monetary Board.

From Prensalibre.com: "These new forms for entry and exit of dollars will help analyze the flow of money and capital going in and out of the country".

Costa Rica: Free Entrance to Monex

October 2009

Starting today, there is no entrance fee for participating in the wholesale dollar market.

Banks, financing companies, currency exchanges, stock brokers, corporations and individuals can buy and sell U.S. dollars electronically in this wholesale market.

From Nacion.com: "The minimum transaction volume is $1.000.

Honduras: $4,000 as Limit for Suspicious Transactions

October 2016

As of January 1, 2017, cash transactions exceeding $4,000 will be considered "atypical" and must be registered on a mandatory basis.

Resolution No.361-9 / 2016. approved by the Central Bank of Honduras on September 22, 2016: 

"... resolves:  

Honduras: More Controls on Cash Transactions

August 2016

The maximum amount allowed for banking transactions in cash in foreign and national currency has been lowered from $10,000 to $4,000.

From a resolution by the Central Bank of Honduras:

For purposes of the application of Articles 8, 12, 23 and 25 and in compliance with the provisions of Article 86 of the Special Law against Money Laundering the following amounts have been established:

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