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Limit on Dollars in Mexico

11/18/2010

FOREX Bank’s advice for travellers to Mexico, which was written last week, is to buy Pesos (MXN) for the first few days and to take the rest of your spending money in US Dollars, with your card in reserve for ATM withdrawals and for payments for car hire, hotels and other similar large expenses.

But there is a catch with US Dollars. In an attempt to try to stamp out money laundering, mainly from the drug trade, the authorities have set a limit on the amount of US Dollars that can be exchanged to Pesos. The limit is USD 300 per day, with a maximum of USD 1,500 per month (just over SEK 2,100 and 10,700).


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