Western Union limits outgoing funds to US$200 due to foreign exchange shortage

Tuesday, March 1, 2016 - 20:00

Money transfer company, Western Union, says it is forced to limit the amount of money customers can now send abroad, due to current foreign exchange conditions.

A statement from the company says that "due to current market conditions, Western Union has changed its outbound remittance services in Trinidad and Tobago Dollars (TTD)".

It says that "effective March 2nd and until further notice, customers will be able to send a maximum equivalent of US$200 in TT dollars, per transaction/per person/per day, except for transfers to Colombia and China, which are not available to be sent in TTD until Western Union completes an update of its systems and controls".

With more than 50 locations throughout the country, our services in Trinidad and Tobago currently are as follows:

The company says there is no limit to receiving money from abroad.

The company adds, "we apologize for the inconvenience caused by this service adjustment. We are committed to keep our customers informed of changes as they occur".

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