Note published on December 5, 2010
by Elizabeth Vargas
The Ministry of Finance and Public Credit (SHCP) announced on Friday 3 December, the amendments to relax the restriction of dollars in the United
States border, which will increase from 7,000 to $ 14.000 permissibility for legal persons to deposit and change the greenback.
Were announced four measures to ease restrictions on U.S. dollar transactions ordered by the Ministry of Finance on 16 June this year to combat money
laundering.
This is to reduce the serious conflicts established trade, especially in states bordering the U.S., where transactions are usually done with the U.S.
currency.
In this context, it was announced:
1 .- financial intermediaries, such as restaurants and hotels will not charge commission for changing foreign exchange gain dollars and will be for
employers.
2 .- The purchase limit will increase from 100 to 250 dollars in cash
3 .- The top step has 7,000 to $ 14.000.
4 .- In addition, the Ministry of Finance will undertake to further assess the effects that arise following the implementation of these measures, in
order to increase measures or make changes.
Remains the extent to which individuals who are depositors of the institution to make deposits up to a total of $ 4.000 per month.MsTerieus - 12-5-2010 at 10:47 AM
Better late than never. bajaguy - 12-5-2010 at 10:48 AM
Quote:
Originally posted by MsTerieus
Better late than never.
Sometimes..........Pescador - 12-7-2010 at 06:47 AM
Well that must have been written by either a lawyer or a politician. Does that really mean that you can now deposit $4,000 US or $48,000 Pesos in
your Mexican bank account.bajajudy - 12-7-2010 at 08:02 AM
I am not familiar with Ensenada.net. Is this a reliable source?bajaguy - 12-7-2010 at 08:14 AM
Quote:
Originally posted by bajajudy
I am not familiar with Ensenada.net. Is this a reliable source?
It's an on-line "newspaper". Reports on local activities and events.
Key point: the changes were announced on Friday, but are not yet legal until they get published in the official gazette.
Doesn't affect private customers of banks, as it's only the US$ exchange limit for border businesses that is being raised from $7k to $14k/month.
Limit on purchases rising from $100 to $250.
Rob
Yup
bajaguy - 12-7-2010 at 08:14 PM
Quote:
Originally posted by bajalou
Looks to be a computer translation of a Mexican language announcement.
Google translation of the article from Ensenada.net.........but I thought everybody talked like that
