Mexico Joins the US and Others in Implementing Capital ControlsThe Dollar Vigilante
Oct. 31, 2012
Germany: Syrian Hairdresser Hailed As 'Model of Integration' Slits His Female Employer's Throat
Evergreen Student Told She's 'Not Allowed to Speak Because She's White,' Ordered to 'Stand in the Back'
Lindsey Graham: If You Don't Support Giving Illegals Citizenship, 'I Don't Want You to Vote for Me'
NY Times Reporter Accuses White Women of Having 'Racist' Walking Habits
Report: Fusion GPS Founder To Plead The Fifth
Regrettably, Mexico, too, has now hopped on the capital control bandwagon. In 2010, Mexico instituted strict limits on foreign exchange cash transactions to $1,500 per person per month which made it tough on tourists and resulted in many dollar exchanges closing their doors.
Now, under the auspices of shutting down a $60 billion drug trafficking business, Mexico has passed a law nominated the "Federal Law on the Prevention and Identification of Operations from Illicit Sources", due to take effect in July of 2013. This law will require the reporting of certain transactions involving cash while prohibiting others.