bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja
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Modified Dollar Restrictions
From ensenada.net
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.
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MsTerieus
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Better late than never. 
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bajaguy
Elite Nomad
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| Quote: | Originally posted by MsTerieus
Better late than never. |
Sometimes..........
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Pescador
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Location: Baja California Sur
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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 $48,000 Pesos in
your Mexican bank account.
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bajajudy
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I am not familiar with Ensenada.net. Is this a reliable source?
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja
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| Quote: | Originally posted by bajajudy
I am not familiar with Ensenada.net. Is this a reliable source? |
It's an on-line "newspaper". Reports on local activities and events.
http://www.ensenada.net/
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bajalou
Ultra Nomad
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Location: South of the broder
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Looks to be a computer translation of a Mexican language announcement.
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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Riom
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Here's a recent report in Spanish:
http://www.frontera.info/EdicionEnLinea/Notas/Noticias/07122...
Key point: the changes were announced on Friday, but are not yet legal until they get published in the official gazette.
Doesn't affect private customers of banks, as it's only the US$ exchange limit for border businesses that is being raised from $7k to $14k/month.
Limit on purchases rising from $100 to $250.
Rob
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja
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Yup
| 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 
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