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irenemm
Senior Nomad
Posts: 623
Registered: 7-16-2009
Location: vicente guerrero, baja
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we were informed by one of our suppliers that our invoice will still be in dollars but they will not take dollars starting next week.
we will always take dollars. even if it is illegal. many businesses will. but some are not. I don't know about Costco did not ask them yesterday.
we will not give change in dollars as we will not have the smaller change.
this is another genius thing the Mexican government came up with.
we have several lots we have sold and our contracts on in dollars we will take dollars. but it is gonna be a big mess just like it was when they did
this back in the 80's
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gnukid
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Registered: 7-2-2006
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It was reported that a meeting of governors and the president had concluded with a postponement of the plan to limits to dollar deposits, which
concluded would only cause people to circumvent limits with more accounts and encourage a black market.
Who knows people might not be getting the message, I could be reading the articles incorrectly and apparently so might others.
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sanquintinsince73
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Posts: 1498
Registered: 6-8-2010
Location: Los Angeles, CA
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| Quote: | Originally posted by gnukid
It was reported that a meeting of governors and the president had concluded with a postponement of the plan to limits to dollar deposits, which
concluded would only cause people to circumvent limits with more accounts and encourage a black market.
Who knows people might not be getting the message, I could be reading the articles incorrectly and apparently so might others.
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I don't know what to make of this. I watch canal 12 from TJ every night and business people are complaining that the government is saying one thing
while signing laws that indicate another. I have alot of Mexican business owners as neighbors and they are even more confused than me. Some tell me
that they've been told that dolares will not be accepted at all, and most others simply can't figure it out.
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sanquintinsince73
Super Nomad
Posts: 1498
Registered: 6-8-2010
Location: Los Angeles, CA
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| Quote: | Originally posted by irenemm
we were informed by one of our suppliers that our invoice will still be in dollars but they will not take dollars starting next week.
we will always take dollars. even if it is illegal. many businesses will. but some are not. I don't know about Costco did not ask them yesterday.
we will not give change in dollars as we will not have the smaller change.
this is another genius thing the Mexican government came up with.
we have several lots we have sold and our contracts on in dollars we will take dollars. but it is gonna be a big mess just like it was when they did
this back in the 80's |
Very confusing, eh?? I'll stop by to visit and introduce ourselves last weekend of this month.
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by sanquintinsince73
| Quote: | Originally posted by gnukid
It was reported that a meeting of governors and the president had concluded with a postponement of the plan to limits to dollar deposits, which
concluded would only cause people to circumvent limits with more accounts and encourage a black market.
Who knows people might not be getting the message, I could be reading the articles incorrectly and apparently so might others.
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I don't know what to make of this. I watch canal 12 from TJ every night and business people are complaining that the government is saying one thing
while signing laws that indicate another. I have alot of Mexican business owners as neighbors and they are even more confused than me. Some tell me
that they've been told that dolares will not be accepted at all, and most others simply can't figure it out. |
Welcome to the board. Yeah, no one seems to have a grasp on this issue. One day it's one thing, the next day another. There is no currency change
house between the border and the toll road- so it seems like NOT taking dollars there would either force people to drive into TJ to change money- or
not come at all. For a decade Rosarito has trained tourists that pesos aren't really necessary- the hotel rates and restaurant menus are priced both
in dollars and pesos.
When the new toll road goes in on top of the existing via rapida- it'll be the same situation. The repairs on the free road from TJ to Rosarito are
mostly done and that road is a nice now- so maybe that's the solution for some people if you can't pay the toll in dollars.
\"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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sanquintinsince73
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Posts: 1498
Registered: 6-8-2010
Location: Los Angeles, CA
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It's just damned frustrating when you've got alot of really swell places to grub that have shut down due to the economy or lack of tourist's, and
others just barely holding on, and now we cant use dollars. Someone in Mexicali surely does not have his thinking cap on.
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Dave
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Posts: 6005
Registered: 11-5-2002
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Who says you can't use dollars?
| Quote: | Originally posted by sanquintinsince73
It's just damned frustrating when you've got alot of really swell places to grub that have shut down due to the economy or lack of tourist's, and
others just barely holding on, and now we cant use dollars. Someone in Mexicali surely does not have his thinking cap on. |
Local businesses in and around Rosarito love to take dollars.
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Bob and Susan
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Registered: 8-20-2003
Location: Mulege BCS on the BAY
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ALL places and stores in mulege will take dollars
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BajaCactus
Senior Nomad
Posts: 663
Registered: 5-22-2004
Location: Km. 55, carretera transpenisular, El Rosario, B.C.
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Mexico and Dollars...
I see a lot of confusion on this, and even though I am not an expert on this matter, I will try to explain this issue as best as I can.
The problem begins in Mexico's International US Dollar Value... you see, apparently every country has an estimated ability to move and produce
dollars, which is monitored by the US and directly related to the internal production capabilities of the country in question. Mexico's "value" has
been almost the same for many years, with very steady and slow growth... however, in the last 3 1/2 - 4 years, Mexico's "value" has multiplied by
five.
Because of this happening without any reasonable, logical explanations, the US government assumes that all this movement of dollars is related to the
drug cartels (to many clients on the North side, jejeje) and therefore has been pushing the Mexican government to either control this issue or being
declared as a non-healthy economical nation, loosing many international rights and the ability to freely trade with other countries, like Colombia in
the past. Apparently this has been going for a while and the US is almost about to make this happen.
The Mexican government, specifically Hacienda (our IRS) in an effort to comply, has passed a law in which they limit the amount of dollars anyone can
deposit in cash at the Mexican banks... for individuals is $ 4,000 dollars a month, for corporations is $ 7,000 dollars. This limit only applies to
cash and is per bank and will be fully enforced starting September 14th, 2010.
Now, how will all of these affect simple mortals like us?... well, any business owner will have to make their own decision into receiving dollars in
cash or not.
If that business usually receives dollars in cash, as payments for their goods and services... they will have to make sure not to receive more than
the allowed limit, otherwise, they will not be able to use them lawfully within Mexico.
Whether or not you will be able to pay with dollars, in cash, for your Pacificos, Tequila, tacos or whatever, will be entirely up to the business
owner.
In Tijuana, big companies, like Costco and Home Depot, have already posted signs at their stores informing they do not receive payments in dollars.
At BajaCactus, we will do our best to keep receiving dollars as long as possible... we will not give up as easily and will try to find the ways of
helping our guests, customers and friends passing by.
I hope this information helps a little bit in clearing some doubts regarding this issue.
Happy Travels my friends!!!
BajaCactus
[Edited on 9-11-2010 by BajaCactus]
BajaCactus
"Where Baja is so much more than a dream..."
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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Thanks Antonio. I think that for the most part, businesses, especially away from the border, will continue to accept dollars. It's important to
remember that the issue is "cash". So many businesses in Baja accept credit cards, so for the most part there will be no affect. Personally, the
biggest question related to this situation is whether I can still use dollars to pay on the toll road. For many years, I've waited until Maneadero to
stop at an ATM to obtain pesos.
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oxxo
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Thanks, Antonio, for the clear explanation. I think this policy will continue to evolve over the next few months. At this point, it doesn't affect
me, since I don't use any dollar cash in Mexico. I either use an ATM to get pesos, or write a dollar check at my Mexican bank to get pesos.
gracias amigo.
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sanquintinsince73
Super Nomad
Posts: 1498
Registered: 6-8-2010
Location: Los Angeles, CA
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| Quote: | Originally posted by Bajahowodd
Thanks Antonio. I think that for the most part, businesses, especially away from the border, will continue to accept dollars. It's important to
remember that the issue is "cash". So many businesses in Baja accept credit cards, so for the most part there will be no affect. Personally, the
biggest question related to this situation is whether I can still use dollars to pay on the toll road. For many years, I've waited until Maneadero to
stop at an ATM to obtain pesos. |
When I first saw this report, the reporter was standing at a booth on the toll road. He stated that this would affect the flow of turistas thru the
toll road. Most certainly I think toll roads will only accept pesos soon because they are federal, they won't be able to take either or.
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Well... here is today's update on Pesos and Toll Roads: Dollars are OK
http://www.afntijuana.info/afn/?p=13218
[Edited on 9-13-2010 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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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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| Quote: | | When the new toll road goes in on top of the existing via rapida- it'll be the same situation. . |
When is this supposed to happen 
Bob Durrell
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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haven't heard a peep about it since this came out in June:
"Escalante said construction is expected to begin within two months, with completion in about two years. The toll will be about $2 and apply in both
directions."
http://www.signonsandiego.com/news/2010/jun/01/alternate-bor...
[Edited on 9-13-2010 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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