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Channel: Jaltemba Jalapeño » Money
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Mexico regulations limit US dollar use

This is just a quick reminder that the regulations limiting US dollar usage in Mexico airports is now in effect. The policy on US dollar usage is intended to deny the use of the banking system to the...

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$100 Limit on US Cash in Mexico

New rules for US cash in Mexico now require that not more than USD100 cash be applied to any transaction. For example if you buy something for 2,300 pesos you could pay up to USD100 with greenbacks and...

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Mexican Peso rises against US Dollar

The Mexican peso has risen against the US dollar over the past year as has the Canadian dollar. The rise appears to be closely linked the the price of crude oil. A five year view reveals a startling...

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Banking in Mexico – on line

If you arrived here hoping to find useful information about banking in Mexico you may want to check: What works and what doesn’t. If you are here for entertainment read on. My on line banking has not...

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Banking the Jaltemba Bay Way

By Christina Famiglietti (aka Word Whiz) Setting up a Jaltemba Bay bank account in La Peñita wasn’t as difficult as I anticipated, not because of any inherent problems with Bancomer itself but because...

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Transferring Money to Mexico

The exchange rate I got recently when transferring money to Mexico was a pleasant surprise. The surprise prompted me to offer this update with some comments on how best to get your foreign currency...

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Pending US IRS Ruling on Fideicomisos Good News!

Many American owners of real estate in Jaltemba Bay, Nayarit and other coastal areas of Mexico have been patiently waiting for the US IRS to rule on Fidiecomisos. Currently, these bank trusts now come...

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New Mexican Tax Law Summary – Dec. 2013

The new Tax Law in Mexico takes effect January 1, 2014. Here is a summary with links to some excellent articles on the subject. The new law was approved back in October by a vote in the senate of 73...

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