Guatemala: New Rules for Forex Trading

Starting January 2011, cash transactions exceeding $ 3000 must meet additional requirements

Friday, October 15, 2010

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

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Costa Rica: Record Earnings from Tourism

July 2016

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

Copa Airlines Suffers From Argentine Peso Debacle

December 2015

The stock price of Copa Holdings has fallen and at the same time the airline has stopped accepting Argentina's currency for ticket sales.

Restrictions in Argentina for converting local currency to dollars and for sending funds abroad, have now forced American Airlines and Air Canada to take the same measure implemented by Copa.

Guatemala: Tourism Sales Improve

November 2009

The country received $95.3 million for tourism activities in October, the best month since April 2009 and very similar to October 2008.

Tourism authorities explain this recovery with the start of the cruise ship season.

"Despite the former, revenues for tourism sum $935.3 million so far 2009, 8.8% lower than the same period of 2008, when $1.025 million were sold", remarks

Honduras Received 17% less Foreign Currency

November 2009

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

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