We did not bid on the auction this year, although we have supported the foundation in years past. I sent an email to them objecting to the USD prices. I did not receive an answer.
I do think this is just the beginning of a ripple effect that will be in evidence next winter, when Canadians will stay home or reduce their time in La Manzanilla. I have had many conversations with Canadians, in particular. In this case a charity is going to be the first casualty.
More to come unless there is a shift from USD to pesos, particularly for rent.
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