New Exchange Rules for US Dollars in Mexico
From an article by Lisa Coleman on Mexico Premiere
Due to concerns over the peso and the new exchange rules for the U.S. dollar an official statement was made by the Mexico Banking System. Please read the details below.
OFFICIAL MEXICO BANKING SYSTEM STATEMENT ON CAP ON EXCHANGE OF DOLLARS FOR PESOS from September 13, 2010
In order to regulate the quantity of dollars entering the Mexican banking system, beginning September 14, 2010, the Mexican government will cap the amount of dollars foreigners can exchange for pesos in Banks & Money Exchange Establishments to no more than US$1,500 per month.
The measure WILL NOT AFFECT purchases made with credit cards or debit cards in Mexico.
The measure WILL NOT AFFECT the amount of CASH (in Mexican pesos) an International Tourist can withdraw from an ATM machine on a daily or monthly basis.
It is recommended that all travelers bring Mexican pesos as well as their credit and/or debit cards to minimize any inconvenience the exchange cap at banks may cause.
When using an ATM please remember you are seeing the dollar amount in pesos.