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Flows of Money
Cross-border goods and services transactions between Guatemala and its trade partners represent significant money flows. Remittances are also a significant money flow across Guatemala’s borders. In 2004, an estimated $2.5 billion in remittances flowed into Guatemala from abroad. Overall, Guatemalan laws and public and private institutions support these trade-related money flows. Trade finance products are available to large traders, and foreign currency exchange is widely available and easily exchanged for all traders. Guatemala is challenged, however, by illegal money flows, as the nation has become a major transit link in the drug trade between South and North America and a location where criminals can hide their illicit profits.
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