I will be spending over two weeks in Mexico and heard some depressing information about changing cash dollars into pesos. I am a person who prefers to pay for my hotel bills in cash to avoid extra credit card fees. My bank also charges an extra fee to use a foreign ATM, so I bring money with me. Never had a problem with theft even in the most dangerous countries concerning that.
But I heard that the Mexican government only allows you to change $1500 per month in an effort to cut down on drug dealer business. And this has caused some banks not to deal in exchange at all. Also, the government is limiting businesses using US dollars.
Maybe people in Mexico now or who have recently visited can tell me if this is true. Can you use US dollars still in many places? Are there any street money changers if you need to exchange outside of this limit? (like at many borders where guys flash bills and no paperwork) Can pesos be brought in to the country without limit? Thanks for any help. I'm just an honest tourist who doesn't want to throw away money or be stuck without enough.Edited: 8:04 pm, February 16, 2013