BajaNomad

Peso Devalues 100%

DavidE - 4-1-2011 at 09:23 AM

Inocente Palomita...

April Fool . . . .

djh - 4-1-2011 at 09:30 AM

Not my kind of joke,

but.....

got my attention until I realized what day it is.....

I was in Mexico (88/89 ?) when the peso was devalued and it created a mess and lots of hardship for so many Mexican people, families, businesses . . .

sancho - 4-1-2011 at 11:44 AM

Reminds me of, back in the day, 2500 pesos to the
dollar, maybe more, '83 or so, one didn't cash in
more than a few dollars at a time, because of inflation
in Mex. I saw a photo from 2006, peso was 10.80,
it hasn't moved much

DENNIS - 4-1-2011 at 12:16 PM

It's 11.83 to 1 at this moment. Down [or up...depending how you look at it] about 8% from less than a year ago.
I don't feel like researching exact times or numbers, but I'm in the ballpark.

irenemm - 4-1-2011 at 12:53 PM

11.83 is good here in town they are giving 11.29 at the casa de cambio

DENNIS - 4-1-2011 at 01:08 PM

Quote:
Originally posted by irenemm
11.83 is good here in town they are giving 11.29 at the casa de cambio


Cambios charge an extra 2%, mas o menos. Money launderers have to do something to at least look legitimate. :lol:

The 11.83 is the official rate. Banks charge fees too so nothing is what it seems. It's best, for me anyway, not to worry about it.

Timo1 - 4-1-2011 at 02:26 PM

Wonder what the Iraqui dinar will do...Will make MANY happy

Frank - 4-1-2011 at 03:25 PM

Quote:
Originally posted by Timo1
Wonder what the Iraqui dinar will do...Will make MANY happy


Im sitting on a fortune :lol:

Paladin - 4-1-2011 at 08:24 PM

Irakie Dinar???:no::no:

You mean there are some other genius's:no::lol: in that investment??

Oh well, me too:barf::(

$4 million of that goofy fools gold.:spingrin: