DavidE
Ultra Nomad
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Registered: 12-1-2003
Location: Baja California México
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Article Long Lines At Currency Exchange Houses A Cut N Paste
Long Lines in San Ysidro to Exchange Money : Peso Sinks to 306 to the Dollar
SAN YSIDRO — Mexicans and Americans alike queued up at currency exchange houses in this border community Wednesday seeking the best price for their
pesos, which were trading at all-time lows despite no official word of a devaluation by the Mexican government.
Mexican banks were selling U.S. dollars only to account holders, forcing other Mexican citizens to buy dollars from a strip of about two dozen
exchange houses in the San Diego protectorate of San Ysidro, about 20 miles south of downtown San Diego.
June 27, 1985|Associated Press
300 pesos old pesos today is "worthless" but if it were possible, THREE THOUSAND PESOS eventually became worth one dollar, then the 3,000 pesos became
3 new pesos.
Wanna guess at how much a dollar's worth of pesos THEN coverts to (math only) centavos, today?
A Lot To See And A Lot To Do
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vandy
Senior Nomad
Posts: 538
Registered: 10-10-2003
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I remember losing my wallet in the winter of 87-88.
It had a quarter of a MILLION pesos in it.
Still didn't ruin my vacation...
About $110.
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chuckie
Elite Nomad
Posts: 6082
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Mood: Weary
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And who is smokin what? I got pesos this morning at the ATM, not much change....
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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I kept this $100,000 peso note and I can exchange it at Bank of Mexico today for a $100 peso note with a value of around US$8.
[Edited on 5-29-2013 by durrelllrobert]
Bob Durrell
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by durrelllrobert
I kept this $100,000 peso note and I can exchange it at Bank of Mexico today for a $100 peso note with a value of around US$8.
[Edited on 5-29-2013 by durrelllrobert] |
Maybe not. I remember when the money changed. There was a countdown to the day and after that, the old Pesos couldn't be spent, changed or anything.
100,000?? How many zeros do you see on that bill anyway? 
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willardguy
Elite Nomad
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I think i know where the confusion comes in!
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by durrelllrobert
I kept this $100,000 peso note and I can exchange it at Bank of Mexico today for a $100 peso note with a value of around US$8.
[Edited on 5-29-2013 by durrelllrobert] |
Maybe not. I remember when the money changed. There was a countdown to the day and after that, the old Pesos couldn't be spent, changed or anything.
100,000?? How many zeros do you see on that bill anyway?
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Yep, you're right. It's only 10,000 and can be exchanged at Bank of Mexico for 10 pesos = 80 cents.
answers.yahoo.com › All Categories › Travel › Mexico › Other - Mexico
"In December 1994, when Ernesto Zedillo took office, he discovered that the guy who passed the presidency to him had taken off to Ireland with half of
our country's money. Zedillo, who holds a doctorate in economics from Yale, decided (in collusion with his predecessor, who holds a doctorate in
economics from Harvard) to hide this devaluation by demonetizing our currency when he took office. As of 1 January 1996, only the Banco de Mexico has
accepted pre-Zedillo pesos, and at one one-thousandth of their face value."
Bob Durrell
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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I am heavy in Zlotnys right, as well as Drachmas.....I "yen" to have real money 
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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For Chuckie
June 27, 1985|Associated PressPrinted clearly within the article
And with those outmoded currencies EURO in trouble amigo
[Edited on 5-29-2013 by DavidE]
A Lot To See And A Lot To Do
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