Honduras: New Banking Controls In Effect

A law has come into force which requires banks to register as atypical all transactions of more than $4 thousand that are realized in cash.

Friday, March 31, 2017

The decree by the Central Bank which comes into effect from April establishes new requirements for banks when dealing with transactions made both in domestic and foreign currency, as well as cash or through other means.

The decree states:

"... a) For cash transactions made in foreign currency made by its customers, the sum of four thousand dollars of the United States of America (US $4,000.00) or its equivalent in any other foreign currency is established.

b) For cash transactions in national currency made by its customers, the sum of two hundred thousand lempiras (L200,000.00) is established. 

c) Fo noncash transactions with its customers, the sum of two hundred thousand lempiras (L200,000.00) or its equivalent in foreign currency is established.

d) For remittance transactions the sum of two thousand dollars of the United States of America (US $2,000.00) or its equivalent in another foreign currency or national currency is established."

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