Mexico Joins the US and Others in Implementing Capital ControlsThe Dollar Vigilante
Oct. 31, 2012
Denmark: Resolution Passed to Prevent Danes From Becoming a Minority
CNN's Don Lemon Freaks Out, Ends Segment After Being Called 'Fake News'
Chelsea Clinton 'Horrified' By Detention of Six-Time Deported Illegal Alien Domestic Abuser
Spain: 500+ African Migrants Celebrate After Breaking Through Border Fence
Fox Comedy 'The Mick' Features Underage Boys In Tub Prepping For Threesome
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.