News
$1.7M income projected from 7% fee on $$ transfers for 2020- Premier
ROAD TOWN, Tortola, VI - The 7% transaction fee to take 7 cents of every dollar sent overseas through money transfer providers like Western Union and Moneygram have been generating huge incomes for Government, according to Premier and Minister of Finance, Hon Andrew A. Fahie (R1).
Money transfer services not part of 'internal economy'- Premier Fahie
ROAD TOWN, Tortola, VI - Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has indicated that for now, money transfer services will not be allowed to operate as part of phase one of the Virgin Islands (VI) economic reboot following a territory-wide lockdown due to the COVID-19 pandemic.