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Quiet reopening of money transfer services in VI

-Bars, nightclubs & gyms told to remain closed until policies are developed
For the first time since the COVID-19 lockdown in the Virgin Islands (VI), local money transfer services like Western Union and Money Gram have opened their doors for service today, May 11, 2020, this time, with the new 7% levy on funds sent out of the territory. Photo: VINO
When Virgin Islands News Online (VINO) visited Money Gram early afternoon, business appeared to be moderate compared to the huge crowds two weeks ago when Premier Andrew A. Fahie (R1) had announced that those categories of businesses would not open. Photo: VINO
When Virgin Islands News Online (VINO) visited Money Gram early afternoon, business appeared to be moderate compared to the huge crowds two weeks ago when Premier Andrew A. Fahie (R1) had announced that those categories of businesses would not open. Photo: VINO
Individuals now have to pay 7% on monies sent in addition to the charge to send money. Photo: VINO/File
Individuals now have to pay 7% on monies sent in addition to the charge to send money. Photo: VINO/File
ROAD TOWN, Tortola, VI - For the first time since the start of the phased reopening of the Virgin Islands (VI) following the COVID-19 lockdown, local money transfer services like Western Union and MoneyGram opened their doors for service today, May 11, 2020, this time, with the new 7% levy on funds sent out of the Territory.

When Virgin Islands News Online (VINO) visited two locations early afternoon, business appeared to be moderate in contrast to the huge crowds persons were anticipating two weeks ago when Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) announced that those categories of businesses would not open until the internal economy reboots.

When our roving reporter visited Moneygram in Road Town around 2:30 pm, a few persons were inside the building and there was no line of persons outside.

At Western Union in the Betteto Frett Building, around 2:45pm, one customer could be seen conducting business.

The two money transfer services also confirmed that the 7% fee for Government was being charged.

A young woman who sent money to the Dominican Republic via Western Union showed our reporter that $42 was charged as 7% fee for Government for her $600 sent out.

"That's a day's pay for me," she remarked, adding that it is time employers raise salaries.

'Everything raise, Western Union raise their fee too, all the stores up their price," she added, as she complained that she had paid a total of $73.50 to send $600 to her family back home.

Other persons have argued that they see no issue with the 7% fee for Government, since, according to them, even expats will benefit from the services the monies will pay for.

Outside of the opening of money transfer services and several other categories of businesses in Phase 2 of the internal economic reboot, entertainment facilities have been told to remain closed pending development of social distancing policies.

No green light for Nightclubs & Bars

According to Curfew Act, 2017 (No. 20 of 2017), imposition of a Curfew (No. 16) Order, 2020, Gazetted on May 9, 2020, Hotels, villas or other accommodation facilities, public swimming pools, cinemas; gyms; bars; night clubs; and, other entertainment facilities remain closed.

The act noted that every other approved business or establishment must adhere to social distancing protocols and put in place relevant sanitisation measures.

The act noted that the measures must ensure that all customers and staff maintain physical distancing of no less than six feet, as provided under the Public Health COVID- 19 Control and Suppression Measures. 

It also urged business owners to ensure that allowance is made for staff and employees to report to and leave work within the imposed curfew hours of 7:00 pm - 6:00 am daily.

32 Responses to “Quiet reopening of money transfer services in VI”

  • ABC (11/05/2020, 18:57) Like (16) Dislike (18) Reply
    It’s about time
    • Really (12/05/2020, 10:02) Like (11) Dislike (1) Reply
      Why not raise tax by 1% for those making over $80k. Or add that 7% tax to those folks sending hundreds of thousands or millions out the territory through the banks. Both of those options will bring in far more than further taxes than further charging the people sending their $100.00
  • Jergens (11/05/2020, 19:32) Like (21) Dislike (9) Reply
    The devil and his angels are alive and working but God and his throne is more powerful. We will overcome my Caribbean people
    • Uncle (12/05/2020, 08:38) Like (1) Dislike (7) Reply
      over come my Caribbean People you say, the Virgin Islands will over over as well, I assure you!
  • Nice (11/05/2020, 19:49) Like (8) Dislike (2) Reply
    please do not upset the caribbean people anymore that 7% is handy
  • lol (11/05/2020, 19:50) Like (53) Dislike (14) Reply
    Them think we momo them ain’t going go all out today cause they know we gonna talk and make noise wait you see all a them in there soon
    • MoneyTree (12/05/2020, 15:34) Like (13) Dislike (1) Reply
      The last time I checked the United States of America Treasury Department is the only Agency that prints us currency ($). It is not grown or printed here. It is not "British". You do not have the rights or claim too it. You were not allowed the privilege to use the currency because you were special. It was all about economics. It was a business transaction. The persons who line up at Money Gramm or Western Union earned their money through the sweat of their brow like most of you do. You spend yours as you wish, why can't other people do the same way? And it is true most people come here because of it. Please you do not earn the "rights" to the u.s DOLLAR!
      • HMMM (12/05/2020, 22:24) Like (1) Dislike (20) Reply
        Girl shut the help up the US & British is the closet alliance. We use that money and that’s why y’all run up here from down the island
        • Wickedness (12/05/2021, 09:47) Like (0) Dislike (0) Reply
          so that why you mad? do you help me when I breaking my back on the job? Now why you hating that I getting paid and supporting my dependents? Outa place
  • & (11/05/2020, 20:46) Like (44) Dislike (9) Reply
    fool the money belongs to us we work for it spend it how we want fool what's your point you have yours doing what the hell you want to do with it so y worry about how we spend ours we gave you 7%and you still complaining.leave us alone get over momo.
  • Time to Build Together (11/05/2020, 21:16) Like (12) Dislike (6) Reply
    THIS TAX CAN HELP TO BUILD THE TERRITORY. LOCALS AND EXPATS NO NEGATIVE COMMENTS PLEASE.
  • ppl (11/05/2020, 21:44) Like (16) Dislike (5) Reply
    This government is yet to address this minimum wage and get it raise. No price control is not in place,see how quick them target the expats. Simple show the percentage of expats vs bvi islanders who send out money. Even ppl who called upon God do evil to other ppl
  • COLLECTOR (11/05/2020, 22:03) Like (9) Dislike (4) Reply
    I BET THE GOVERNMENT WILL NEVER BE PAID THE HONEST AMOUNT DUE TO THEM. WESTERN UNION WILL COLLECT, PAY OUT A LITTLE AND POCKET THE REST. HOW GOVERNMENT WANT TO CONTROL THIS? WHY USING THEM ANYWAY. I HAVE 2 KIDS IN MEDICAL SCHOOL IN TRINIDAD. I GAVE THEM A DEBIT CARD AND I PAY THE MONEY ON THE ACCOUNT HERE. ANYTIME THEY TAKE OUT THE MONEY IS $3.00 IF YOU WORK HERE SPEND YOUR MONEY HERE!
  • John (11/05/2020, 22:25) Like (9) Dislike (2) Reply
    The Cayman Islands take 2% Bvi take 7% big different
  • captain flint (11/05/2020, 23:35) Like (7) Dislike (1) Reply
    Why couldn't the Government raise the extra money by putting a tax of say 7% from all workers who earn over $20000 and make sure the tax is paid. Or on wire transfers where the amounts are much higher instead of hitting the people who use western union and moneygram? Why just Western Union and Moneygram - it doesn't make sense?
  • Rubber Duck (12/05/2020, 02:22) Like (10) Dislike (1) Reply
    History shows that is is always bad to try to restrict the movement of money. It’s what communist and socialist countries did. And how successful were they
  • Captain Fiint (12/05/2020, 08:27) Like (4) Dislike (1) Reply
    Why didn’t the Government just put on tax everyone earning over a certain amount? The 7% tax on the alleged $89 million = $6,230,000.

    Instead why not raise the income tax from 0% to 7%:
    If earnings of 5000 people at $20000 x 7% = $7 million
    If earnings of 2000 earning over $50000 = $7 million
    If earnings of 1000 people x $100,000 = $7 million
    If earnings of 500 people x $200,000 = $7 million

    Just a suggestion folks!
    • @Captain Flint (12/05/2020, 16:58) Like (5) Dislike (0) Reply
      And the reality is that it is impossible for Western Union and MoneyGram to be sending out $89 million annually -- I don't know where the powers that be got their figures, but the numbers simply do not add up. And don't these businesses employ people who belong to this territory?

      I find it very hard to wrap my head around the hate I have seen spewing on these news sites in recent weeks from locals and foreigners alike. If we are supposedly building a better place for our children and grandchildren, then we really have to do better at creating a climate where we can live and work together respectfully and productively.

      We are too small to be at each others' throats all the time, and to be wondering if the persons smiling with us (both belongers and expats) are among those hiding behind pen names and calling us down as "less than".
  • roots (12/05/2020, 09:40) Like (3) Dislike (0) Reply
    I am quite sure that many "People" were very disappointed since they did not see the long lines they predicted. By now it should be understood that Money Gram and Western Union are relatively new money transfer agencies to the Territory. Nowadays one could sit in their living room and transfer money to anyone anywhere in the world.
  • Mama Sue (12/05/2020, 10:28) Like (1) Dislike (0) Reply
    People need to log in to Moneygram.com to transfer the money
  • my God (12/05/2020, 10:42) Like (1) Dislike (0) Reply
    Hello I send 300.00 anline and paid 4.99 say no more
  • PayPal (12/05/2020, 17:17) Like (0) Dislike (0) Reply
    @ my god
    very good
  • peace (12/05/2020, 23:19) Like (1) Dislike (0) Reply
    Expat we are the ones that help to build this country and here we again helping to bill this country 7% fron money that was already tax , what next , to the government of the BVI like your intentions, looking for ways to help the locals , that's all good . The same approach should be taken towards moneygram and western union ,employers who collect the taxes and don't pay over to the government . The use of the money collected that's my issue here, waist of tax payers money, need to end . Intended use of the money collected, not to line the pockets of the rich ,to help people that really needed help.

  • IMO (13/05/2020, 08:53) Like (1) Dislike (0) Reply
    7% isn't even a solution to the actual problem. The problem isn't that people are sending their money away. The problem is is that there are too many people not prioritizing their life and abusing the system. There are poor people but there are irresponsible and greedy people and the government allows nonsense to happen.

    Government should force expats to have a local bank account and be paid via banks to keep track of money. Several places such as bars are closed. Those are majority expat places yet still MoneyGram and western union always full. How are expats still sending out so much money if their job hasn't open back up yet? Are they paying their rent? Are they buying food? Are they paying their internet bill so their kids can learn?

    Government is taking this immigration thing as a joke.

    1. Make expats use bank accounts so that you know they are making the money they say they are and they are earning it legit.

    2. Issue exist visas so expats can't just flee the country leaving their debts behind.

    3. Put out expats who are milking the system. You shouldn't be wanting in another man's country. If you can't feed yourself or pay your rent then why are you here? You shouldn't make yourself a burden to a country to which you do not belong. If you can't sustain yourselves then you should be in your home country. That's the only country that is obligated to take you in. As it is the place is a damn welfare state and it needs to stop.

    4. Encourage teachers to report child abuse, which includes kids constantly begging for food or money. A lot of expats send away a great portion of their paychecks then send their kids to school hungry to beg others kids. That's wrong and we need to monitor that.

    5. Prioritize national pride. The expat population is almost 50% as a result a lot of expats feel like they don't have to respect BVI culture or laws. They feel like they don't need to know them. The media isn't helping with all this us VS them rhetoric. There is too much animosity towards one another.
    Expats need to understand that they are guests in this country and when you're in your friend's house you follow your friends rules. I don't think a lot of expats really care about the bvi while staying here and their population is too big to let this continue. We're pretty close to social disorder because of this and it will only get worse if we don't watch ourselves.

    These are the same people who are crying that the school need lunch programs. Perhaps we need social programs but we need to ensure they will help people, not cover abuse and enable nonsense.

    Why do we have people coming here to take jobs that can't provide a decent living income? And then on top of that they bring their dependants. It's foolish to let non-citizens come and milk the country when the whole purpose of letting them in is to help the country.

  • end of time (13/05/2020, 18:17) Like (0) Dislike (0) Reply
    We worked for our money we have all right to spend it how we choose if we want to done all in the strip clubs,supermarkets, clothes store, decision is ours
    How nobody could tell the government how to spend our own money they draw out in tax
    Mismanagement funds!
    We pay rent,water ,electricity, food ,internet, cooking /petrol gas medical even when we have a stupid health card issue by government. We support restaurants .we throw thites and offerings
    What more build you all want us to bill
    All this is done whilst majority on minimum wages !
    Father we stretch our hands to thee no other friends I know!


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