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sanquintinsince73
Super Nomad
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Location: Los Angeles, CA
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No more dollars in Baja
Anyone know what the scoop is on the governments plan to no longer allow American money in Baja and other border states? I heard on Tijuana's canal 12
that the toll road from TJ to Ensenada will start accepting only Mexican money very soon. Many Mexican empresarios are indicating that this will
surely be the coup de grace for Baja's economy.
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DENNIS
Platinum Nomad
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Location: Punta Banda
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I think a bit more research is in order.
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Bajatripper
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This certainly doesn't make much sense, even in the best of times. During the current financial downturn, my guess is that US dollars, even if pulled
out of a dark and smelly place in front of the payee, would be readily accepted anywhere in Baja, the border states, or Timbuktoo.
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Bajahowodd
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This story might provide a partial answer. As Bajatripper notes, it will probably be ok to spend dollars in most places. But as noted in this article,
busy facilities that take in large amounts of dollars won't be able to deposit them due to the Federal max recently implemented.
http://www.kpbs.org/news/2010/sep/03/tijuana-airport-no-long...
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gnukid
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| Quote: | Originally posted by sanquintinsince73
Anyone know what the scoop is on the governments plan to no longer allow American money in Baja and other border states? I heard on Tijuana's canal 12
that the toll road from TJ to Ensenada will start accepting only Mexican money very soon. Many Mexican empresarios are indicating that this will
surely be the coup de grace for Baja's economy. |
It was announced in Mexico earlier this week that the plan to implement restrictions on dollar deposits is suspended and instead acceptance of dollars
in a managed banking system is a better way to end black market money laundering and help the economy. Doh!
My personal opinion is that the change in thought comes on the back of many successful recent arrests a-la-Barbie.
Here is a reference to one version of the report earlier this week.
http://www.afntijuana.info/afn/?p=12829
MEXICALI BC 7 de septiembre de 2010 (AFN).- La decisión del gobierno federal de postergar la entrada en vigencia del programa de restricción en los
depósitos en dólares estadunidenses fue confirmada este martes por el gobernador del Estado.
José Guadalupe Osuna Millán dijo en esta capital que la determinación de la Secretaría de Hacienda, se tomó a petición de “los diez diputados
(panistas) federales”, los empresarios y el gobierno estatal.
En rueda de prensa, el mandatario estatal señaló que los empresarios y comerciantes no tienen de que preocuparse porque se logró ampliar el tope de
cuatro mil a siete mil dólares por mes, y les recomendó a quienes superen esos ingresos, abrir más cuentas en otros bancos.
La solución expuesta por Osuna Millán estriba en la posibilidad de aperturar nuevas cuentas en las siete instituciones que hay en el estado.
Analistas económicos del sector privado estimaron por su parte, que la propuesta de las “siete cuentas bancarias del gobernador”, no es la solución e
incluso levantaría más sospechas.
“Sería como decirles a los empresarios que abran cuentas para engañar a las autoridades”, estableció Vicente Osuna, analista de un banco local.
Dijo que esto les permitiría manejar hasta 56 mil dólares mensuales con lo que se soluciona en parte el problema, por lo menos hasta junio del año
próximo.
-----bad google translation follows
The federal government's decision to postpone the entry into
restriction program term deposits in
U.S. dollars was confirmed Tuesday by the
Governor of the State.
José Guadalupe Osuna Millán said in this capital that
determination of the Ministry of Finance, took upon request
of "the ten deputies (PAN) Federal, employers and
state government.
At a news conference, Bush noted that state
business people do not have to worry about
succeeded in broadening the top of 4000-7000 dollars
months, and recommended to those who exceed that income, open more
accounts at other banks.
The solution put forward by Osuna Millán lies in the possibility
Opening new accounts in the seven institutions that are
in the state.
Economic analysts estimated the private sector for its part,
that the proposal of "seven bank accounts
governor, "is not the solution and even more lift
suspicion.
"It would be like telling them to employers who open accounts
mislead the authorities, "Vincent established Osuna, analyst
a local bank.
He said this would enable them to handle up to $ 56,000
monthly as part of the problem solved, so
least until June next year.
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oxxo
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I had a talk with my account representative, Suzette, at Bancomer just last week. This only applies to cash dollars. I can write a check in dollars
of any amount and deposit into my Bancomer peso account. Then I can withdraw any amount from my account in pesos. I can also use my US debit card to
withdraw pesos from any Mexican ATM machine. I use my Bank of America debit card to withdraw pesos from any Santander ATM and there is no transaction
fee. Also, Union Bank of California has just informed me that I can use their debit card at any ATM in the world and they will rebate any transaction
fees I might accrue.
So far, the new governement regulations have not had any impact on us.
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lookingandbuying
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Buying with dollars
Does not make sense that the could EVER get rid of the dollar economy especially in the border areas.
The use of dollars is a natural event that happens as a result of the seller making it convenient for the buyer to buy their goods. While the
government may be able to make you pay in Pesos at the toll both or other government offices they will never be able to stop the free flow of dollars
that helps people conduct their business transactions.
That along with people wanting to store their value in a more stable currency will make this all go away. Don't worry I am sure you will always be
able to exchange a twenty dollar bill for your Pacifico's 
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DENNIS
Platinum Nomad
Posts: 29510
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Location: Punta Banda
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I wonder if this means I won't be able to pay my lease in dollars.
I doubt that.
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Bob and Susan
Elite Nomad
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Location: Mulege BCS on the BAY
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| Quote: | Originally posted by lookingandbuying
Don't worry I am sure you will always be able to exchange a twenty dollar bill for your Pacifico's |
the "pacifico boys" just gave me a new bottle opener
thanks "pacifico boys"
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motoged
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Do U.S. businesses, tolls, etc accept pesos....or do they expect to be paid in the currency of the country?
I understand the value and convenience of using US dollars in some foreign countries....but, really folks, why don't you use the currency of the
country you are in....even learn a bit of the language used in the country you are visiting????
Just sayin'
Don't believe everything you think....
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Marc
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I only use Pesos and I speak darn good Español. Una mas cervesa porfavor. Howz that?
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BajaBruno
Super Nomad
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"No more dollars in Baja"? Well, join the crowd--there aren't many floating around north of the border, either.
Christopher Bruno, Elk Grove, CA.
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wessongroup
Platinum Nomad
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| Quote: | Originally posted by motoged
Do U.S. businesses, tolls, etc accept pesos....or do they expect to be paid in the currency of the country?
I understand the value and convenience of using US dollars in some foreign countries....but, really folks, why don't you use the currency of the
country you are in....even learn a bit of the language used in the country you are visiting????
Just sayin' |
I pay in what ever they want... we used chickens too... broasted from Calimex.. no complaints so far.. we just give them to the guys that work around
here, just for cuz we knew they would really like it .... or I should say my wife did ...
The guys that work around jaws dropped, she went out to where they were working and gave them three whole broasted chickens... don't think they saw
that one before.... plus some hot tortillas ... the guys are as old and messed up as me... do the weed work and general clean up around the camp and
are nice men...
I don't fish anymore... soooooooooo
[Edited on 9-10-2010 by wessongroup]
[Edited on 9-10-2010 by wessongroup]
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Woooosh
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Location: Rosarito Beach
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| Quote: | Originally posted by wessongroup
| Quote: | Originally posted by motoged
Do U.S. businesses, tolls, etc accept pesos....or do they expect to be paid in the currency of the country?
I understand the value and convenience of using US dollars in some foreign countries....but, really folks, why don't you use the currency of the
country you are in....even learn a bit of the language used in the country you are visiting????
Just sayin' |
I pay in what ever they want... we used chickens too... broasted from Calimex.. no complaints so far.. we just give them to the guys that work around
here, just for cuz we knew they would really like it .... or I should say my wife did ...
The guys that work around jaws dropped, she went out to where they were working and gave them three whole broasted chickens... don't think they saw
that one before.... plus some hot tortillas ... the guys are as old and messed up as me... do the weed work and general clean up around the camp and
are nice men...
I don't fish anymore... soooooooooo
[Edited on 9-10-2010 by wessongroup]
[Edited on 9-10-2010 by wessongroup] |
I like that approach a lot. Money isn't everything and everyone enjoys eating something fresh, good and different. During construction of our house
we came down once a week with a cooler of fruits, sandwiches and cold sodas for the workers while we talked with the builder. Maybe that's why it
took two years, but we sure got a nice house out of it.
But back on topic- if they do require pesos to pay for the Toll road from TJ to Rosarito and points south, you can bet there will be a bunch of new
currency exchange casitas 100 feet away with horrible rates.
[Edited on 9-10-2010 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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David K
Honored Nomad
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I thought Mexico wanted MORE dollars to come south!???
Another dumb move by government to hurt small business...
Charging for tourist cards (2000), not controlling drug cartels (2006), now not accepting dollars (2010)... and tourism keeps dropping. 
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Hook
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| Quote: | Originally posted by David K
not controlling drug cartels (2006), |
Well, I think they are doing an admirable job, given their recent captures. Yeah. blood is flowing but it's almost all from the bad guys.
They're apparently doing a better job than we are at controlling the consumption end.
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Woooosh
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| Quote: | Originally posted by Hook
| Quote: | Originally posted by David K
not controlling drug cartels (2006), |
Well, I think they are doing an admirable job, given their recent captures. Yeah. blood is flowing but it's almost all from the bad guys.
They're apparently doing a better job than we are at controlling the consumption end. |
Is there even an effort being made to control consumption? Lately more effort has been put into controlling the breeding beast that is medical pot
dispensaries- which are getting robbed by gangs left and right lately.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Bob and Susan
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the toll booths were taking dollars yesterday
the exchange at the border today is 12.582
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Juanita
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Location: San Ignacio, Baja California Sur
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My Bancomer in Santa Rosalia will accept dollar deposits up to the value of $15,000 pesos each month, without charging the small penalty fee. This
hasn't changed for quite a while.
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woody with a view
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| Quote: |
I have used pesos at a few taco shops here in San Diego
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dont tell anyone, but there is a mariscos/taco truck at appletree market in OB that takes leftover pesos......
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