David K
Honored Nomad
Posts: 64852
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
|
|
This may be a sign of a pending peso devaluation... you think???
|
|
|
bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
Member Is Offline
|
|
| Quote: | Originally posted by David K
This may be a sign of a pending peso devaluation... you think??? |
This usually happens shortly after the Presidential election.
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
|
|
jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
Member Is Offline
|
|
the goverment wants to keep the hard curency to use as a edge against inflation??
jerry and judi
|
|
|
Diver
Ultra Nomad
Posts: 4729
Registered: 11-15-2004
Member Is Offline
|
|
No, the goverment officials want to stockpile dollars for personal use as a hedge against getting fired at the next election if they last that long.
|
|
|
Anonymous
Unregistered
Posts: N/A
Registered: N/A
Member Is Offline
|
|
| Quote: | Originally posted by Hose A
The local Banks are refusing to sell American dollars to their customers.
Stating that they do not have any American money on hand.
|
What about customers who have dollar accounts?
Mexican banks are not required to exchange dollars for pesos. It would be just like demanding pesos for dollars in the U.S.....Good luck! 
<By the way, privately selling dollars for pesos is illegal.>
|
|
|
Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
|
|
| Quote: | Originally posted by Hose A
You seem to be the expert on everything so why do you not know about the dollar accounts?
You CAN purchase pesos in American banks.
Exchanging dollars for pesos privately is done everyday, no one seems to care if it is legal or not. |
Sorry, that was me. If I had not posted anonymously you would have known that I am (indeed) an expert on everything. 
While it is true that you might (if available) purchase pesos in American banks, they are not required to sell them. Same thing (reversed) in
Mexico. The only exception is for dollar accounts AND only if withdrawing.
And regarding private exchanges:
It's one thing for Nationals to privately change currencies or for anyone to pay in dollars and get pesos in exchange but a gringo offering to "sell"
dollars privately.... can lead to 'beeg troubles'. True, it rarely happens, but..... 
|
|
|
![[*]](images/xmbforum/default_icon.gif){kind=icon}
