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Robt65's avatar
Robt65
Explorer
Jan 22, 2018

Changing American Currency in Mex No longer by MX Fed Gov't

Banks in Mexico including Azteca are no longer allowed by the Federal Bank of Mexico to accept ANY repeat ANY American denomination Bills for exchange to Mexican Pesos. Only the privately held "Casa de Cambio's" are permitted to make any such transactions as of about one week ago. Just FYI.

Robt65
Mission, TX
& Querétaro, MX
  • PUTERPUPPY's avatar
    PUTERPUPPY
    Explorer
    Jan 28, 2018
    No Problems at the CIBanco in San Carlos Sonora. Very nice and courteous tellers for us "Gringos" that can't speak Spanish.
  • MEXICOWANDERER's avatar
    MEXICOWANDERER
    Explorer
    Jan 25, 2018
    • SOME Mexican banks have US dollar accounts for Mexican business owners ONLY
    • Recently BanComer stopped the dollar accounts for Mexican businesses
    • Don't be surprised if businesses that used to take dollars no longer do so
    • Few if any businesses that accept dollars will accept US banknotes larger than a 20 dollar bill
    • The USA THIS WEEK stopped supporting the dollar
    • The currency has fallen against many other currencies
    • Mexico could similarly devalue the peso but don't bank in it
    • If I had to guess, Mexico will no allow the peso to gain a lot of value against the dollar -- too much of the economy depends on trade with the US
    • China and the Yuan Renminbi is another story
    • The price of goods can inflate in Mexico
    • Nothing to worry about just be aware of the possibility of volatile prices.
  • navegator's avatar
    navegator
    Explorer
    Jan 25, 2018
    The CitiBanamex branch that I have my account accepts Dollars, Euros, and all other currency and I can purchase Euros with Dollars or Pesos, you do need to register with the bank in order to exchange dollars at a bank, that is a measure established for controlling the laundering of narco profits, the exchange houses do have a limit of the amount you can excange.

    navegator
  • moisheh's avatar
    moisheh
    Explorer
    Jan 24, 2018
    Mexican businesses can exchange US dollars. How else would restaurants, hotels, etc handle their USD????? Robt : Where did you get that info?

    Moisheh
  • charlestonsouth's avatar
    charlestonsouth
    Explorer
    Jan 24, 2018
    Robt65, so what you are saying is that the Mexico Exchange Bureau/Office/Bank is PRIVATELY held? Very interesting!
  • navegator's avatar
    navegator
    Explorer
    Jan 22, 2018
    For those of you that do not have a bank account in Mexico use the ATM machines at a bank, stay away from the machines in stores or shopping centers and try to have a second person accompany you to block what you do so that the bad elements do not see what you are doing, read the warning on counterfeit 500.00 pesos.

    navegator

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