The decision of the Central Bank of Nicaragua (BCN), to revoke the license for Envios 22-24 Sociedad Anónima to operate as a provider of currency exchange and purchase services, does not affect the current business of sending remittances, which that company carries out in the country since the 1980s.
This Thursday, August 25, in the 159th edition of La Gaceta, Official Gazette, Resolution CD-BCN-XLVIII-1-22, of the Board of Directors of the BCN, was published, through which the operating license issued was revoked a year before in favor of Shipments 22-24, so that this company was legally authorized to enter the currency exchange business.
The news, which occurred while the regime of Daniel Ortega and Rosario Murillo selectively attacks some companies, generated concern on social networks, because it seemed to follow the same pattern that led to the confiscation of the Prisa Pawn Shop and of Alicia Jewelry, SAboth owned by businessman Mario Hurtado Jiménez, (who has Nicaraguan and Mexican nationality), and was threatened with circulate it through Interpol.
In response to the publication of the BCN in La Gaceta -and the stir on networks- the company reported on the Facebook page, that “…last year we acquired an additional license to offer currency exchange services. However, this year we revoked it due to lack of activity.”
This explanation coincides with the rationale offered by the Board of Directors of the Central Bank, assuring that the revocation of the license is due to the fact that “said entity did not initiate purchase and sale and/or currency exchange operations in the period of (1) one year , after the entry into force of the granted license.
Given the concern generated in networks, the company said that they continue “offering the remittance service.” Before, they had assured that they would continue working “as normal, with the aim of uniting Nicaraguan families. We wish to inform all our clients that the license on remittances continues as normal without altering our services”.
According to information available on its website, the company sends remittances, packages, and (larger) boxes between the United States and Nicaragua, in addition to offering airtime recharges for cell phones and lockers to receive packages in the United States. Additionally, they announce the opening of a digital wallet service, thanks to a network of 42 agents in Nicaragua, as well as their forthcoming expansion to Costa Rica.
The group also offers tourism services, offering the services of its travel specialists to help its clients “plan and book trips at deeply discounted rates”, for which companies in the sector, mobile service providers and airlines have been associated.
