Archive for August, 2010

Mexican bridges accepting U.S. currency again

Posted in Mexico Travel and Tourism on August 25th, 2010 by Dan1948 – 1 Comment

Early this week, toll booths on Mexico’s side of international bridges stopped accepting U.S. currency,  after Mexican banks would not accept cash deposits greater than $7,000 per month.

The issue between the banks and Mexico’s federal roads and bridges authority, also known as CAPUFE, has been resolved today. Overland travelers are now able to use U.S. currency to pay entry into the U.S. at Mexico toll booths.

To combat money laundering, Mexico’s Finance Ministry, set a limit to cash deposits for individuals and companies. That limit applied to CAPUFE, as well, but the federal agency received an exemption.

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Pesos only when crossing from Mexico into Texas

Posted in Mexico Travel and Tourism on August 24th, 2010 by Dan1948 – 1 Comment

Anyone crossing back into Texas from Mexico, on foot or by car, should be aware that the toll booths on the Mexico side are no longer accepting U.S. currency. Please make sure you have pesos to pay the tolls when coming back; otherwise, after waiting in line, you will have to go back to exchange your dollars for pesos. The recent change is due to a new banking regulation in Mexico which does not allow anyone to deposit more than $7,000 U.S. per month. Caminos y Puentes, the agency responsible for collecting the tolls, deposits about $20,000 per day. The Mexico government has implemented this new law in order to help combat money laundering. They are working on resolving this issue, but in the meantime, please make sure you have pesos on hand before getting to the bridge to come back into the U.S.

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