The amount of WU money transfer made at a time reduced from $200 to $50

Correspondents of “Chronicles of Turkmenistan” reported on 23 February that the amount of cash which can be transferred via Western Union at a time has been reduced from $200 to $50.

For example, only four bank offices in Dashoguz use this system to transfer money. In one bank office residents are allowed to make a money transfer not exceeding $50 only once a month.

In order to secure a place in the waiting list, customers need to get a customer identification number.

Due to a large number of those wishing to make a transfer, it has become really challenging to obtain a customer identification number and occasionally people in queues get into fights.

Owing to a big demand, “entrepreneurs” who stand in line and then sell customer identification number at 50-100 manats ($4,2-$8,3 at the “black market” list) are now offering their services.

If a Dashoguz resident manages to get a customer identification number and stand in line, he can transfer no more than $200 a month from four bank offices which transfer money via WU.

More related articles

Turkmenistan bans crediting VISA foreign currency accounts; WU to accept only US dollars for money transfer transactions
Turkmen residents queue to transfer money overseas
Turkmenistan’s Foreign Trade Bank introduces new restrictions for cash withdrawal overseas
Money transfers from Turkmenistan via Western Union can now be made only for students
Crowds and fights in the queues in front of Western Union offices in Turkmenistan
Dashoguz distributes advance tickets for making WU money transfer from October to December 2018