Mexico’s Monte de Piedad – more than household finance

The Monte de Piedad, or National Pawnshop, bears little resemblance to the usual perception of the tawdry pawnshop, bordering the bail bondsman’s office in a not-so-savory part of town, patronized by the luckless, amid the milieu of Sidney Lumet’s film “The Pawnbroker.” A respected government institution, it represents more than the mere lender of last […]

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The impact of currency exchange rates on your Mexican property

There is a way to protect yourself from currency fluctuations that may increase the cost of your property. The worldwide foreign exchange market is huge, with average daily turnover totaling approximately $3.2 trillion. In this industry, around 95% of all currency transactions are purely speculative, with the majority of trades being made by banks and […]

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