Mexico changes currency policies

New regulations in Mexico affecting U.S. travelers start this week. Hotel front desks and currency exchange booths are now able to change only a maximum of $1,500 cash per person per month into Mexican pesos (before, there was no limit). Also, businesses will be limited to accepting $100 cash per transaction (though there's no limit on the number of transactions per customer), and some establishments will be prohibited from accepting (or may now choose not to accept) U.S. currency at all. Major travel suppliers now recommends that U.S. travelers use credit cards, travelers checks, or ATM cards (to withdraw money in pesos). They also say that some U.S. citizens traveling to Mexico have had trouble using American passports with fraying or peeling corners, so check the condition of your passports and get replacements if needed as you plan travel to Mexico.