Is there any restriction for travel to Mexico with US or Canadian dollars?

In order to regulate the quantity of dollars entering the Mexican banking system, beginning September 14, 2010 the Mexican government will limit the amount of US dollars foreigners can exchange for pesos in Banks and Currency Exchange Establishments to no more than US$1,500 per individual per month.

Non-American currencies (such as Euros or Canadian dollars) are not affected in any way by this regulation.

The measure WILL NOT AFFECT purchases made with credit cards or debit cards in Mexico.

The measure WILL NOT AFFECT the amount of cash (in Mexican pesos) an international tourist can withdraw from an ATM machine on a daily or monthly basis.

All travelers are advised to bring Mexican pesos as well as their credit and/or debit cards to minimize any inconvenience the exchange cap at banks may cause. (SOURCE 1)

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