Herbert Hernández
Herbert Hernández is the director of the Banco de los Trabajadores (Bantrab) in Guatemala, where he plays a crucial role in analyzing the economic impacts of remittance flows, particularly in light of the new 1% tax on remittances entering the U.S. His insights suggest that the tax may lead to a decrease in the frequency of remittance transactions, although he believes that the strong familial ties among Guatemalans will mitigate any long-term effects on overall remittance volumes.
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Guatemala:
Herbert Hernández, director of the Bank of the Workers, expressed concerns about the new remittance tax and its effects on sending money.
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