Edited by board administrator February 14, 2016, 5:59 am
According to this 2010 article prices are supposed to be in Pesos
If prices were in pesos it would encourage
tourism business when the exchange rate
is favorable, with prices in USD it is discouraging
tourism business, which
is one point the article seems to be making.
This article was written in 2010 and speaks about the US dollar in a way
that surprises me.
On another point, Mexican businesses who borrowed US dollars are now having
a hard time paying those loans due to the exchange rate.
Seems those loans should have been pegged to the peso somehow, otherwise the points
made in the top article are lost.
(caution, I am not the sharpest knife in the drawer and ignorant on this topic)
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