In 1995, Mexico adopted a floating exchange rate.
This means currencies may rise or drop according to foreign currency supply and demand with some intervention by the Central Bank (Banco de México), since 1998.
There are no restrictions on profit, royalty, dividend, interest payment, and capital repatriation. Also, companies may open checking and deposit accounts in US dollars anywhere in the country, subject to a minimum opening fee requirement as determined by commercial banks. Individuals
may have checking accounts in US dollars in towns along the Northern border.
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