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I have gone to an ATM to withdraw money from my credit card and I find the surprise that the banks have decided not to deliver more money to their customers. In the case of Santander is not available to over 10% of credit limit and in the case of Banorte is not available cash at all. And all this without prior notice.
Neither the 94 nor the crisis in 2000, something happened and I wonder if the banks do not begin to limit access to clients' savings, as happened in Argentina with the famous ¨corralito¨.
We've experienced no problems in withdrawing funds we'd wired from our US bank to an account here. Maybe it's just in cases of extending credit, the banks are being much more cautious. Isn't the same true in the US where credit limits are being greatly reduced? I think these actions are not reserved solely for Mexico.
We've experienced no problems in withdrawing funds we'd wired from our US bank to an account here. Maybe it's just in cases of extending credit, the banks are being much more cautious. Isn't the same true in the US where credit limits are being greatly reduced? I think these actions are not reserved solely for Mexico.
I don't think it's the same yet in the USA. They keep raising my credit limits even in spite of this so-called crisis. I worry more about the dollar becoming worthless. What happens if other countries start to refuse it?
If they keep adding a trillion here, a trillion there to our current debt just so we go on spending like it's going out of style, then the dollar will soon be worthless.
the problem is that previously you could get cash until your credit limit and now you can only use your credit cards in shops, so the availability of cash in Mexican banks is wrong and that might explain the variable in the type of peso-dollar exchange, like most Mexican banks are owned by foreign parent companies are removing their money Mexico (pesos) to dollars.
the problem is that previously you could get cash until your credit limit and now you can only use your credit cards in shops, so the availability of cash in Mexican banks is wrong and that might explain the variable in the type of peso-dollar exchange, like most Mexican banks are owned by foreign parent companies are removing their money Mexico (pesos) to dollars.
Yes, it sounds like they may be trying to prevent a whole lot of money being taken out of Mexico. I'm sure some would be tempted to do so because they fear the peso falling more against the dollar.
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